ASX:BRL

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Update: Bathurst Resources Says New Zealand High Court Dismisses Talley's Group Derivative Lawsuit Bid; Shares Gain 4%

(Updates with the stock movement in the headline and last paragraph.)Bathurst Resources (ASX:BRL) said a New Zealand court has dismissed Talley's Group's attempt to bring a derivative lawsuit involving Bathurst, according to a late Thursday filing with the Australian bourse.Talley's first initiated the dispute in 2024 by filing a statement of claim against Bathurst, its directors, and related parties, alleging prejudiced shareholder conduct and misleading representations, and seeking damages, an earlier bourse disclosure showed.The High Court of New Zealand had previously issued confidentiality and non-publication orders in relation to the litigation, which continue to apply in the latest ruling, as per the late Thursday filing.Bathurst Resources shares gained 4% in recent Friday trade.

ASX:BRL

Asia3d ago

ASX Preview: Australian Shares Set to Rise; Bathurst Resources Says New Zealand High Court Dismisses Talley's Group Derivative Lawsuit Bid

Australian shares are poised to rise on Friday, mirroring gains on Wall Street, after US President Donald Trump said the US had cancelled planned strikes against Iran, and that the US and Iran could sign a peace agreement as soon as this weekend.Overnight, the S&P 500 and the Dow Jones Industrial Average gained nearly 2%, while the the Nasdaq Composite rose 2.5%. Meanwhile, Brent oil futures fell below $89 per barrel.In the macroeconomy, investors are eyeing the release of the labor account report at 11:30 am Sydney time.In corporate news, Bathurst Resources (ASX:BRL) said a New Zealand court has dismissed Talley's Group's attempt to bring a derivative lawsuit involving Bathurst. Talley's first initiated the dispute in 2024 by filing a statement of claim against Bathurst, its directors, and related parties, alleging prejudiced shareholder conduct and misleading representations, and seeking damages.Ebos Group (ASX:EBO, NZE:EBO) unit Pet Care Distributors' proposed deal to acquire Paringa Pet Foods is under a phase one review by the Australian Competition and Consumer Commission.Australia's benchmark index shed 0.2% or 20.1 points to close at 8,633.20 on Thursday.

ASX 200ASX:BRLASX:EBONZE:EBO

Asia3d ago

Bathurst Resources Says New Zealand High Court Dismisses Talley's Group Derivative Lawsuit Bid

Bathurst Resources (ASX:BRL) said a New Zealand court has dismissed Talley's Group's attempt to bring a derivative lawsuit involving Bathurst, according to a late Thursday filing with the Australian bourse.Talley's first initiated the dispute in 2024 by filing a statement of claim against Bathurst, its directors, and related parties, alleging prejudiced shareholder conduct and misleading representations, and seeking damages, an earlier bourse disclosure showed.The High Court of New Zealand had previously issued confidentiality and non-publication orders in relation to the litigation, which continue to apply in the latest ruling, as per the late Thursday filing.

ASX:BRL