Most Recent
Linchpin Capital directors hit with $390,000 in penalties
Financial Services 2024-01-10 10:05 pm By Sam Matthews

Four current and former Linchpin Capital directors have been disqualified from heading up companies and hit with a combined $390,000 in penalties, after a judge found they improperly used their positions as directors to line their own pockets.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC can’t undo stay of disciplinary case against iSignthis auditor
Appeals 2024-01-08 11:59 pm By Cindy Cameronne

The Australian Securities and Investments Commission has lost its bid to pursue a disciplinary case against former Grant Thornton director Bradley Taylor over his 2018 audit of fintech firm iSignThis while criminal proceedings are ongoing.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC loses novel case against Zurich over claims handling
Insurance 2023-12-21 3:56 pm By Cindy Cameronne

In a victory for Zurich Australia, the Australian Securities and Investments Commission has lost its first-ever civil penalty case alleging an insurer failed to act with utmost good faith during claims handling.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Banned financial adviser faces charges of giving misleading information to ASIC
White Collar 2023-12-18 11:03 pm By Cat Fredenburgh

A now-banned financial adviser has been hit with two charges of providing misleading information to the corporate regulator during a compulsory examination.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC takes stockbroker Adam Blumenthal to court for alleged market rigging, breaches of duty
Financial Services 2023-12-15 11:35 pm By Cat Fredenburgh

The corporate regulator has brought proceedings against EverBlu Capital and Creso Pharma director Adam Blumenthal, alleging market rigging and breaches of duty, and has accepted an undertaking by the stockbroker that he will quit his involvement in financial services for the next five years.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Jan Cameron found guilty of failing to disclose interest in Bellamy’s
White Collar 2023-12-15 10:43 pm By Sam Matthews

Former Bellamy’s Australia director Jan Cameron has been found guilty of two counts of breaching the Corporations Act, following an investigation by the corporate regulator over her failure to disclose her stake in the baby formula company. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Continental Coal ex-director Peter Landau gets jail time for stealing
Energy & Natural Resources 2023-12-12 11:43 pm By Cat Fredenburgh

A former director of failed Perth mining company Continental Coal has been jailed for more than three and a half years after pleading guilty to multiple crimes, including stealing $2.2 million and forging a bank statement.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ANZ hit with $900,000 penalty for share placement disclosure failures
Securities 2023-12-08 3:38 pm By Christine Caulfield

ANZ’s failure to disclose a bailout by banks underwriting a $2.5 billion share placement has resulted in a penalty of less than $1 million, ending an eight-year saga that included an aborted criminal trial.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Mercer Super agrees to pay $11.3M penalty in ASIC’s first greenwashing case
Financial Services 2023-12-07 1:46 pm By Sam Matthews

Mercer Superannuation has agreed to pay $11.3 million in a case the regulator said was “the first and we hope the last” greenwashing case of its kind. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Noumi in talks with ASIC on penalty for continuous disclosure breaches
Securities 2023-12-01 1:38 pm By Cindy Cameronne

Food manufacturer Noumi is trying to reach agreement with the Australian Securities and Investments Commission on a penalty to propose to the court for violating its continuous disclosure obligations by overstating the value of inventory.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?