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.
The CDPP and ASIC have succeeded in staying Clive Palmer’s 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 company’s 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.
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.
A court has tossed claims against ASIC by the former boss of investment fund Blue Sky, describing the allegations as scandalous and untenable.
ANZ has lost its appeal of a landmark decision finding it breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters during a $2.5 billion capital raising.