Sydney financier First Class Capital has admitted it acquired three million shares in former market darling Big Un but has denied liquidators’ claims that the purchase was part of a fraudulent design to inflate the share price ahead of the video start-upās collapse.
Mining magnate Clive Palmer has lost an appeal seeking to throw out two criminal cases over a takeover bid and payments to his political party, with an appeals court finding the challenge was an abuse of process.
A law firm is investigating an shareholder class action against lithium battery producer Magnis Energy Technologies and auditor Hall Chadwick after its share price plummeted to four cents late last year.Ā Ā
Thomson Geer has recruited new partners from Gadens and Holding Redlich to strengthen the law firm’s IP and corporate benches.
The current owners of vitamin giant Natureās Care have won an urgent injunction against the company’s founding family, after a judge said it appeared they were trying to regain control of the corporate group.
The latest judge to join the NSW Supreme Court has expressed a desire to foster a serious but collegiate environment for advocates and has remarked on the rising importance of legal directories for barristers.Ā
Two former directors of a Canberra property development group have lost their bid to bar ASIC from announcing their disqualification, with a tribunal finding this would keep financiers and creditors āin the darkā and make the market less transparent.
A former company secretary of defunct mining and exploration company Continental Coal has pleaded guilty to three criminal charges, including stealing $2.2 million and forging a bank statement.
COVID-19 lockdowns may have ended years ago but the impacts on small businesses are only now being seen, with larger companies likely to suffer a ācontagion effectā in 2024, says K&L Gatesā newest partner.
The Australian Securities and Investments Commission has handed Queensland investment firm Penta Capital a $53,280 fine for allegedly making false statements on its website, including that it managed $6.9 billion on behalf of retail, wholesale and institutional clients.