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ASIC is looking into lead managers behind AI data centre company Firmus’ failed public float, with a key issue whether they had a reasonable basis for assertions about investor demand.
The former chief executive officer of Super Retail Group has argued he should have access to ASIC’s entire investigation file into the company, in proceedings alleging he failed to disclose a relationship with the company’s former chief human resources officer.
The Victorian Bar has welcomed 15 new senior counsel, including barristers who worked on the Black Saturday bushfire class actions, COVID-19 business interruption cases and junior doctors underpayments class actions.
ASIC has flagged it may seek an initial trial on whether comparison website company Clark Family provided financial services to consumers, in its case alleging the company sold customer enquiries to the highest bidder.
Clive Palmer's resort company Palmer Leisure Coolum has been fined $10,000 after pleading guilty to breaching takeover law arising from its proposed acquisition of The President’s Club.
Construction PRO
Data centre platform AirTrunk has secured a $4.25 billion loan to develop its Western Sydney campus, with Mallesons and Gilbert + Tobin advising on the deal.
The Federal Court is grappling with “substantial and evolving” pressures as the number of filings rose to 6,010 over the past year, including an “exponential rise” in the numbers of self-represented litigants.
ASIC has issued interim stop orders preventing Murdoch Clarke from offering investment in its mortgage fund, as part of the corporate regulator’s surveillance of the private credit sector.
Paper giant Visy Industries and 20 other companies in the Pratt group have paid $4.158 million in fines for allegedly failing to lodge 2024/205 financial reports on time.
Construction PRO
Hearing a fight over $40 million in costs in a case over the sale of Dexus shares in Australia Pacific Airport Corporation, a judge has said he doubts the airport operator can recover the hundreds of thousands of dollars spent on a media consultant during the dispute.