Latest Legal Risk News

The High Court of New Zealand has dismissed Talley’s application to pursue a derivative claim on behalf of Bathurst Resources, maintaining confidentiality around ongoing litigation.

Lindian Resources has cancelled 13 million performance rights held by a former executive chairman, sparking uncertainty as a potential $10 million claim looms.

James Hardie Industries has been hit with a class action in Victoria alleging breaches of Australian corporate and consumer laws related to its financial forecasts. The company denies wrongdoing and plans a vigorous defence.

Phoslock Environmental Technologies reported a sales recovery in 2025 with further growth expected, backed by resumed production in China and promising European projects, while ongoing litigation clouds the outlook.

ASX Limited projects a significant 18-21% rise in expenses for FY27 driven by technology modernisation and regulatory response, while increasing capital expenditure guidance to up to $200 million.

James Hardie Industries saw a 25% sales increase in FY26 driven by the AZEK acquisition but reported a 75% net income decline amid acquisition costs and margin pressures. The company expects synergy gains and adjusted EBITDA growth in FY27.

Block, Inc. reported a robust Q1 2026 with AI-powered productivity gains, strong Cash App and Square growth, and a $5 billion share buyback boost. Despite a GAAP net loss due to restructuring and legal costs, the fintech giant raised its full-year outlook, signaling confidence in its AI-led transformation.

FleetPartners Group Limited reported a 7.3% rise in half-year profit to $37.05 million, driven by lease portfolio growth and the integration of Remunerator. The company declared an 11.9 cent fully franked interim dividend and confirmed a positive outlook for FY26.

Critical Resources Limited (ASX:CRR) has initiated a pro-rata entitlement offer of Loyalty Options priced at $0.001 each, aiming to raise $319,410 and potentially $2.56 million upon exercise. The offer underscores significant dilution and operational risks amid ongoing exploration and legal challenges.

Light & Wonder (ASX:LNW) posted modest revenue growth in 2025, driven by Gaming and iGaming segments, while SciPlay revenue dipped slightly. The company completed its Grover acquisition, settled a $128 million IP dispute with Aristocrat, and transitioned to a sole ASX listing.

Frontier Energy has appointed Jamie Cullen as Executive Chair and is closing in on binding senior debt terms to fund its Waroona Renewable Energy Project, while finalising contracts with tier one suppliers and divesting a non-core asset.

IMEXHS Limited kicked off FY26 with a 13% revenue increase and a strategic pivot to an AI-native radiology workflow platform, securing major contracts in Latin America and advancing proprietary AI agents.