Securities
ASIC loses case against Nuix over disclosures after $1.8B float
ASIC has lost its case alleging software company Nuix failed to publish corrective disclosures that contradicted the growth story presented to the market in a prospectus for its $1.8 billion float on the ASX.
Class Actions
Class action alleges Pfizer knew of Depo-Provera’s brain tumor risks
US drug maker Pfizer has been hit with a class action alleging it knew or ought to have known about the increased risk that patients who used its injectable contraceptive Depo-Provera could develop brain tumors.
Trials
The Deb actress says Rebel Wilson ‘very difficult’ to be around
Actress Charlotte MacInnes has told a court she did what she could to "preserve a professional relationship" with Rebel Wilson despite the director and comedy actor being "very difficult" to be around.
Trials
Woolworths manager says baby food ‘before’ price contingent on deal
A Woolworths manager has admitted he wouldn't have been content to sell Nestle's Ceralac at the advertised 'before' price of $6.50 in the absence of the product's listing on the supermarket chain's Prices Dropped program.
Class Actions
Light & Wonder hit with class action over theft of Aristocrat’s trade secrets
Gaming company Light & Wonder has been hit with a securities class action over disclosures about its Dragon Train poker game, after an employee's theft of rival Aristocrat's trade secrets led to litigation that settled for $190 million.
Class Actions
Sportsbet wants class action to give up pre-retainer comms with firm
Sportsbet has argued that the lead plaintiff in a class action over alleged unlawful in-play betting services should hand over communications he had with his solicitor before he signed a retainer.
High Court
Tabcorp takes fight with tax office over $1.5B deduction to High Court
Tabcorp wants the High Court to overturn a ruling that found it was not entitled to a $1.49 million tax deduction for loss when a licence with the state of Victoria expired in 2012.
Class Actions
Egg donors cut from IVF rebates class action could revive claims, judge says
A judge has said women who donated eggs to their same-sex partners and were removed from a class action over IVF rebates could potentially revive their claims, but the lead applicant has not yet indicated whether she will pursue this path.
ACCC
Ampol offers to divest more sites to win approval for $1.1B tie-up with EG
Ampol has offered to divest 41 sites to win ACCC approval for its $1.1 billion acquisition of EG Australia, after the regulator started a phase two review into the tie-up.
Financial Services
ASIC bans tenth adviser in Shield, First Guardian crackdown
ASIC has imposed its tenth ban on an adviser for directing clients to invest their super in the Shield and First Guardian Master Funds.
