Sydney-based wealth guru Dominique Grubisa has been banned from managing corporations for 18 months after an ASIC investigation found two companies she managed owed more than $300,000 to creditors.
The Queensland Court of Appeal has knocked back a challenge by jailed investment guru Dr Roger Munro to his conviction on three counts of fraud, which landed him a four-and-a-half month prison sentence.
Bondi wellness research company Doll House has copped a $197,000 penalty for terminating three disabled employees and re-engaging them as independent contractors in a ‘sham’ contracting arrangement.
Experts say the chaos of last month’s CrowdStrike outage is likely to spark a flurry of litigation both overseas and at home, including class actions, but lawyers bringing the claims will face significant hurdles.
Hong Kong-based NGS Crypto Group and its director have lost their bid to undo receivership and freezing orders made amid concerns about dissipation of assets as ASIC investigates whether hundreds of Australians who sank $21.1 million into the crypto firm were misled about the safety of their investments.
A Japanese manufacturer of musical instruments has lost its opposition to telecommunications provider Zoom’s bid to register its name as a trade mark, with a delegate finding consumer confusion was unlikely given the difference in the companies’ products.
ANZ has confirmed that senior executives could face consequences in an investigation led by Herbert Smith Freehills and Allens regarding concerns that it manipulated government bond sales last year.
ASIC has brought civil penalty proceedings against Chinese government-owned agri-business COFCO, alleging it manipulated the market for Eastern Australian wheat futures market contracts in 2022.
A former employee of the Australian Taxation Office who faced murder charges over a cold case from 1984, which have since been dropped, has lost his unfair dismissal case after the FWC found he was not forced to resign.
Four people have been charged with conspiracy to commit market rigging and false trading after an ASIC investigation into an alleged scheme organised on social media app Telegram to pump shares in Australian stocks and dump them at inflated prices.