Members of the action say they collectively lost over $100 million when AWB
shares plummeted after the Cole inquiry found in 2006 that AWB paid more than
$290 million to the former Iraqi regime between 1999 and 2003. No shareholder
class action has yet reached judgement in Australia, with
AAP A class action against agribusiness company AWB Ltd involving more than
1,000 shareholders seeking compensation for its failure to disclose Iraqi
kickbacks begins in the Federal Court on Wednesday. Members of the action say
they collectively lost over $100 million when AWB shares
A class action against agribusiness company AWB involving more than 1000
shareholders seeking compensation for its failure to disclose Iraqi kickbacks
begins in the Federal Court on Wednesday. Members of the action say they
collectively lost over $100 million when AWB shares plummeted
AFP Swedish truckmaker Scania beat analysts' expectations with its fourth
quarter results, but stayed vague on its outlook for this year after 2009
proved disastrous for the industry. The company, whose main shareholder is
Germany's Volkswagen, reported net profits of 822 million
A Federal Court ruling in favour of internet service provider iiNet could have
international ramifications for the fight against illegal content. The
Australian film and television industry today lost its case against iiNet ,
whose customers downloaded pirated movies and TV
Shares in conglomerate CSR fell more than 10 per cent as investors reacted to
the Federal Court’s shock decision to block its planned demerger, throwing the
company’s strategy, directors and management into turmoil. CSR shares fell 20
cents to $1.645 in early trade before clawing
Be the first to comment The giants of the film industry have lost their case
against ISP iiNet in a landmark judgement handed down in the Federal Court
today. The decision had the potential to profoundly impact internet users and
the internet industry as it sets a legal precedent
The court blocked the split because the potential impact on asbestos
disease sufferers is "inconsistent with public policy and commercial morality".
Justice Margaret Stone said in her judgement in the Federal Court in
Sydney the demerger would hamper CSR's ability to meet asbestos
Justice Margaret Stone has rejected CSR's application for an order convening a
shareholder meeting to vote on the demerger, meaning that the scheme of
arrangement cannot proceed. Concerns about the impact of the demerger on
asbestos compensation were raised by the Australian Securities and
The meeting plan was refused because of uncertainty over asbestos liabilities,
according to a copy of the judgement e- mailed to Bloomberg today. To contact
the reporter on this story: Wendy Pugh in Tokyo at wpugh@bloomberg.net Last Updated: February 2,
2010 21:39 EST
A class action against agribusiness company AWB involving more than 1000
shareholders seeking compensation for its failure to disclose Iraqi kickbacks
begins in the Federal Court on Wednesday. Members of the action say they
collectively lost over $100 million when AWB shares plummeted
