Nuix had information in January 2021 which undermined the growth story presented to the market in the prospectus for its IPO, a court has heard on the first day of ASICâs case against the tech company and a handful of former directors.
The judge overseeing a class action against collapsed investment manager Blue Sky has said he would not be inclined to seek clarity from the Full Court on whether the court has the power to make a solicitors common fund order unless one of the defendants raised a challenge.
As it readies its civil penalty suit against tech company Nuix for trial, ASIC has flagged a possible dispute about the extent of penalty privilege pleaded by a handful of former and current directors named in the case.
A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management.Â
Auditor Ernst & Young has filed cross-claims against Blue Sky in a shareholder class action accusing the collapsed investment firm of misleading shareholders by misstating its assets under management.
The applicant in a class action against Blue Sky Alternative Investments and auditor EY has raised an âoften overlookedâ principle to challenge the separate legal representation of two of the companyâs directors, dodging applications for almost $15 million in security â for now.
A judge has avoided a fight âwith the High Court written all over itâ over whether an investor class action against Blue Sky Alternative Investments and auditor EY can join four insurers to the case.
The insurers of Blue Sky Alternative Investments are fighting a bid to be joined to a consolidated investor class action against the company and its auditor, EY.
GetSwift has been hit with a $15M penalty and several of its directors have been slapped with substantial penalties after the company was found to have misled shareholders in breach of the Corporations Act.
A judge has grilled the former general counsel of defunct logistics company GetSwift about why he did not confront the company’s directors for âbullyingâ other executives when they raised concerns about alleged continuous disclosure breaches.