Latest Legal Proceedings News

BHP Group Limited posted robust FY2026 results with a 15% revenue increase, record copper production contributing over half of underlying EBITDA, and a total fully franked dividend of 172 US cents per share. The company advances growth projects, including the Jansen potash mine, while managing legacy Samarco liabilities and pursuing climate targets.

James Hardie Industries has been hit with a new class action in Victoria alleging breaches related to forward-looking financial statements made between May and August 2025. The company denies any wrongdoing and plans to defend vigorously.

Sarama Resources has offloaded its Cosmo and Mt Venn gold projects to Riedel Resources, securing a substantial equity stake while progressing a US$242 million arbitration claim against Burkina Faso.

Sequoia Financial Group has scrapped its fully franked interim dividend for the half-year ended December 2025, citing ongoing Federal Court proceedings and related legal claims. The Board prioritises capital preservation and risk reduction as the company navigates complex litigation tied to its InterPrac subsidiary.

Dateline Resources faces a US court injunction halting operations at its Colosseum Project, while ASX suspends and then reinstates trading over disclosure timing concerns.

Commonwealth Bank of Australia delivered a solid FY26 with 7% growth in net profit and a strong capital position, while continuing investments in AI and customer protection.

Fiducian Group's subsidiary Fiducian Investment Management Services Limited has settled ASIC civil proceedings with a $7.3 million penalty plus $650,000 in costs, approved by the NSW Supreme Court.

Domino’s Pizza Enterprises is appealing a Federal Court judgment ordering payment to the lead plaintiff in a class action, with wider financial exposure still unclear.

The Federal Treasurer has tightened restrictions on foreign shareholders Real International Resources and Qogir Trading, blocking share disposals without prior approval and reinforcing voting bans amid ongoing compliance concerns.

A New Zealand community group has filed a court application to halt the Toi Foundation trustees from voting on the sale of TSB Bank to Heartland, potentially complicating the merger timeline.

James Hardie Industries posted a 64% jump in Q1 FY27 net sales to $1.475 billion, powered by the AZEK acquisition and solid organic growth. The company exceeded EBITDA guidance and raised its full-year outlook, targeting robust sales and cash flow growth amid cautious housing market assumptions.

Pengana International Equities (ASX: PIA) confirms it will proceed with an off-market equal access buy-back following shareholder approval, setting a record date of 7 August 2026. The buy-back faces legal challenges from Pengana Capital Limited but remains on track unless a court intervenes.