Agreed, XYZ mining company can't be getting sued in the federal court, but decide not to make any price sensitive announcement to the market because they think they have a strong case. This is where it could get a bit awkward for the ASX, because the $264m wasn't deemed to be price sensitive, so I guess we presume $464m isn't either? Getting painted into a corner a little bit here and this is the problem with having the market operator also as a listed company on it's own exchange, a precedent is being set every time, so the disclosures need to be beyond reproach.
ISX Price at posting:
$1.07 Sentiment: Buy Disclosure: Held