Latest Legal Proceedings News

Veganic SKN Ltd has launched legal action against Cancer Council Australia over alleged misleading claims about chemical UV filters in sunscreens, coinciding with recent product recalls and the company’s ambitious growth plans for 2026.

Besra Gold Inc. reported a $3.47 million loss for Q1 2026, weighed down by finance costs tied to a major gold purchase agreement. Despite asset impairments and net liabilities, management remains cautiously optimistic about ongoing funding and project development.

Sequoia Financial Group’s subsidiary InterPrac Financial Planning faces ASIC civil penalty proceedings over past investment advice but plans a robust defence.

Paladin Energy reported a reduced net loss of US$9.9 million for Q1 FY2026 and completed a significant A$300 million equity raise to fund key uranium projects. The company also faces shareholder class actions alleging misleading production guidance.

Superior Resources Limited has voluntarily suspended trading of its shares pending a Supreme Court hearing on the validation of uncleansed shares, with a prospectus filing expected to follow.

Energy Transition Minerals secures a pivotal court ruling enabling progress on its Greenland rare earths project licence claim, challenging retrospective uranium legislation.

News Corporation reported a 2% revenue increase to $2.144 billion for Q1 FY2026, driven by growth in Dow Jones and Digital Real Estate Services, while Book Publishing faced headwinds. Net income rose 4% to $150 million, supported by operational efficiencies and a robust balance sheet.

Bubs Australia Limited announces it expects to recover A$825,000 from Willis Trading Limited’s secured creditor following arbitration proceedings, while no further recoveries are anticipated from related parties.

SportsHero Limited has voluntarily suspended trading on the ASX pending a Supreme Court decision regarding its failure to lodge required cleansing notices for recent share issues.

Bentley Capital Limited has addressed a sharp 70% rise in its share price and a spike in trading volume, attributing the movement to ongoing legal proceedings rather than undisclosed information.

Bentley Capital is seeking to recover 50% of legal costs from Keybridge Capital following a Federal Court ruling related to director William Johnson’s litigation expenses. Settlement talks are underway as the exact amount awaits judicial assessment.

Light & Wonder, Inc. reported a 3% revenue increase for Q3 2025, driven by its Gaming and iGaming segments, alongside completing the Grover acquisition and refinancing debt with $1 billion in senior notes.