---
title: "ASX shareholder seeks court leave to sue former directors over scrapped CHESS project"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295589236.md"
description: "ASX shareholder Rosherville is seeking Federal Court leave to initiate a statutory derivative action against former directors and officers. The claim alleges breaches of director duties related to the scrapped CHESS replacement project. The shareholder intends to sue on behalf of ASX, with no allegations made against the company itself. ASX has stated it will provide market updates as the matter develops under continuous disclosure rules."
datetime: "2026-08-11T23:13:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295589236.md)
  - [en](https://longbridge.com/en/news/295589236.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295589236.md)
generator: "portal-rs"
---

# ASX shareholder seeks court leave to sue former directors over scrapped CHESS project

-   ASX shareholder Rosherville flagged a Federal Court bid to win leave for a statutory derivative action against former directors, officers. \* Claims allege breaches of directors’ duties tied to the prior CHESS replacement project. \* No allegations were made against ASX itself; the shareholder seeks to sue on the exchange operator’s behalf. \* Company indicated it will update the market as the matter develops under continuous disclosure rules. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASX Limited published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

### Related Stocks

- [ASX.AU](https://longbridge.com/en/quote/ASX.AU.md)

## Related News & Research

- [ASX launches first phase of modernised CHESS clearing platform](https://longbridge.com/en/news/283269999.md)
- [3 ASX Nuclear Energy Stocks For More Stable Power Exposure](https://longbridge.com/en/news/296140138.md)
- [Are Accent Group (ASX:AX1) Shares Undervalued After Underlying EBIT Strength?](https://longbridge.com/en/news/296688982.md)
- [Here's Why We're Watching Nexus Minerals' (ASX:NXM) Cash Burn Situation](https://longbridge.com/en/news/296430235.md)
- [ASX Value Picks ALS And Two More Stocks Estimated Below Intrinsic Value](https://longbridge.com/en/news/296708797.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**