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Australian position on directors and officers’ duties and class actions

  • McInnes Wilson Lawyers
  • -
  • Australia
  • -
  • May 14 2012

Of even more interest to underwriters than some of the recent court decisions is the announcement that on 9 May shopping centre owner Centro and its former auditor PwC have agreed to a record $200 million settlement of a class action by shareholders

Australian Securities and Investments Commission (ASIC) v Fortescue Metals Group Ltd (2011) 274 ALR 731

  • McInnes Wilson Lawyers
  • -
  • Australia
  • -
  • October 31 2011

Fortescue Metals has been granted special leave to appeal against a High Court decision that held Mr Andrew Forrest had engaged in misleading and deceptive conduct in relation to a proposed port, rail line and mine located in the Pilbara and Port Hedland regions