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Sydney office of Nuix raided by AFP, as class action firms circle
Securities 2021-06-24 1:22 pm By Cat Fredenburgh

The Australian Federal Police executed a search warrant on the Sydney office of technology company Nuix, which is now facing the threat of at least three class actions over disclosures concerning its $2.9 billion float, one of which is now well advanced.

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Ex-Kleenmaid director wins retrial on charges relating to $13M Westpac fraud
White Collar 2021-06-15 10:12 pm By Cat Fredenburgh

An appeals court has set aside the fraud and insolvent trading conviction of Andrew Young, founder of defunct whitegoods distributor Kleenmaid, and ordered a retrial after finding a jury should have determined whether he was mentally fit to stand trial.

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Halifax auditor faces first criminal charges over auditing breaches
White Collar 2021-06-08 1:49 pm By Cat Fredenburgh

Criminal charges have been laid against the auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, in the first criminal charges brought over auditing services in Australia.

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ME Bank faces criminal charges after ASIC investigation
White Collar 2021-05-27 1:58 pm By Cat Fredenburgh

Members Equity Bank has been hit with criminal charges for allegedly making false or misleading representations and violating the National Credit Code.

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Former Healthe Care exec pleads guilty to insider trading
White Collar 2021-05-21 3:57 pm By Cat Fredenburgh

A former executive of hospital operator Healthe Care Pty has pleaded guilty to one charge of insider trading for acquiring a large number of shares in Pulse Health while in possession of inside information about the private hospital operator.

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Ex-CFO sentenced to jail time for market manipulation
White Collar 2021-05-18 8:57 am By Cat Fredenburgh

The former chief financial officer of delisted Traditional Therapy Clinics has been sentenced to one year and ten months in prison after pleading guilty to market manipulation charges relating to transactions intended to create an artificial share price for the traditional therapy clinic company.

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ASIC accuses Westpac of insider trading over Ausgrid privatisation
White Collar 2021-05-05 10:52 am By Miklos Bolza

Westpac has been accused by the corporate regulator of insider trading before the $16 billion privatisation of electricity provider Ausgrid.

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Forge liquidators can expand insider trading case against Clough, directors
Restructuring & Insolvency 2021-05-04 4:56 pm By Miklos Bolza

The liquidators of Forge Group have won court approval to expand their insider trading case against construction company Clough over the $187 million sale of its stake in the failed engineering and construction firm.

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ACCC to fight production of JPMorgan witness statements in ANZ cartel case
Competition & Consumer Protection 2021-04-22 5:02 pm By Cat Fredenburgh

The judge who vowed last year to move a criminal cartel case over a $2.5 billion ANZ share placement to trial “before we all retire” will soon weigh the ACCC’s claim for privilege over statements from JPMorgan witnesses it has been accused of pressuring during its investigation, two months after a different judge heard a still unresolved privilege fight in the long-running case.

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Fairfax settles defamation suit by vindicated ex-Leighton CFO Peter Gregg
Defamation 2021-04-07 4:29 pm By Cat Fredenburgh

Fairfax has settled long-running defamation proceedings brought by former Leighton Holdings CFO Peter Gregg over 11 articles that accused him of corruption, after he won an appeal last year overturning his conviction on related criminal charges.

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