A judge on Friday rejected Latitude Finance’s defence in ASIC’s case over Harvey Norman’s ‘interest-free’ ads that no reasonable consumer would expect âa charitable free lunchâ.
The former CFO of Noumi has been hit with a $100,000 penalty and four-year ban for his involvement in the company’s continuous disclosure breaches, which a judge heard caused him to drink a bottle of wine every night.
Nuix has taken a slew of insurers to court seeking coverage of legal bills incurred in defending multiple class actions and proceedings by the Australian Securities and Investments Commission.
ASIC has appealed a decision in its mostly successful case against the issuer of the Qoin crypto coin, challenging an “important” finding on authorised representatives of AFSL holders.Â
The CDPP and ASIC have succeeded in staying Clive Palmerâs case challenging the lawfulness of a seven-year-old examination, with a judge finding it would fragment criminal cases against the mining magnate.
A ruling that clarified the materiality requirement in continuous disclosure cases could lead to more regulatory actions and activist shareholder claims, but won’t boost shareholder class actions, experts say.
A judge has indicated he will sign off on a $100,000 penalty and four-year ban against the former CFO of Noumi, who has admitted his role in the food companyâs non-disclosures.
Court-appointed receivers of investment firm Keystone have won an extension to a freezing order against a Melbourne developer who is suspected of receiving $160 million in investor funds.Â
A lawsuit by former Blockchain Global employees against the defunct cryptocurrency exchange has been stalled to allow CEO Sam Lee to be joined to the case.
A criminal case against a former financial adviser from Macquarie accused of trading in derivatives without a client’s authority has been dismissed.