Most Recent
ASIC issues notices to Nuix as part of investigation
Corporate 2021-09-02 11:16 pm By Christine Caulfield

The Australian Securities and Investments Commission issued notices Thursday to Nuix seeking documents in its investigation of the troubled tech company.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC to hand over examination transcript in Westpac insider trading case
Financial Services 2021-09-01 5:19 pm By Miklos Bolza

ASIC has agreed to provide Westpac with the transcript of a compulsory examination of one of its traders in court proceedings accusing the bank of insider trading in relation to the $16 billion privatisation of electricity provider Ausgrid.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge freezes Forum Finance director’s worldwide assets
Financial Services 2021-08-27 5:34 pm By Cindy Cameronne

A judge has expanded a freezing order over assets owned by Forum Finance director Vincenzo Tesoriero to include property outside Australia, including a yacht in Miami dubbed “XOXO”, after Westpac raised concerns about non-disclosure.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘Completely off the track’: Judge got it wrong in deep sleep therapy case, Full Court told
Appeals 2021-08-23 9:17 pm By Christine Caulfield

A judge who dismissed a defamation case against HarperCollins by two psychiatrists who administered the controversial deep sleep therapy at Chelmsford Private Hospital in the 1970s was criticised Monday for her ‘presumptuous cynicism’.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge scolds Linchpin liquidators for ‘unsatisfactory’ conduct in class action
Class Actions 2021-08-20 4:31 pm By Miklos Bolza

A judge has criticised the liquidators of collapsed financial group Linchpin Capital after they failed to inform the court whether they intend to defend class action proceedings or if default judgment should be made against the company.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge sets course to avoid ‘Brobdingnagian’ trial in PFAS class actions
Class Actions 2021-08-20 5:31 pm By Miklos Bolza

With mediation failing to resolve an expansive class action against the federal government over its use of allegedly toxic firefighting foam, a judge has charted a plan to avoid a “Brobdingnagian” trial and efficiently determine the claims of group members around eight military bases across Australia.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

IOUPay granted relief for compliance bungle on 20 million share issuance
Financial Services 2021-08-18 4:59 pm By Bianca Hrovat

Fintech software solutions company IOUPay has been granted relief from the court after issuing 20 million shares without lodging a cleansing notice with the Australian Securities Exchange.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

HWL Ebsworth, Vannin targeted in latest dispute over Queensland Nickel joint venture
Restructuring & Insolvency 2021-08-16 2:26 pm By Miklos Bolza

Three Clive Palmer-owned companies have filed a breach of trust lawsuit against HWL Ebsworth, funder Vannin Capital and the liquidators of Queensland Nickel attempting to recoup $102 million transferred after the billionaire suffered a courtroom defeat earlier this year.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Use of CBA app for notice of $7M penalty in ASIC case not appropriate, judge says
Financial Services 2021-08-16 2:50 pm By Christine Caulfield

A judge has refused to order Commonwealth Bank of Australia to publish notice of a $7 million penalty in a case brought by ASIC on its mobile app, but the bank will have to alert customers to its misconduct on its website and online newsroom.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Forum directors funnelled millions to buy luxury cars, jewellery and racehorses, court told
Financial Services 2021-08-11 7:11 pm By Miklos Bolza

Westpac has released further details of its fraud claim against Bill Papas, founder of the Forum Group of Companies, painting a picture of an elaborate scheme to misappropriate $254 million to buy real estate, jewellery, luxury cars, racehorses and European football teams.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?