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The Australian Securities and Investments Commission has dropped its investigation into whether Nuix’s chief executive officer Jonathan Rubinsztein unlawfully bought shares in the company after learning about a potential takeover offer.
A funder that bankrolled a class action that was stayed against Dixon Advisory has argued it should receive $969,000 from a $16 million settlement reached in the competing proceedings that went ahead, saying its costs were spent to protect group members’ interests.
The Australian Securities and Investments Commission has won its first civil penalty proceeding in a greenwashing case, with a court finding against Vanguard Investments over its $1 billion “ethically conscious” hedge fund.
Former Bellamy’s Australia director Jan Cameron has been fined $8,000 after being found guilty of two counts of breaching the Corporations Act for failing to disclose her stake in the baby formula company.
A former corporate adviser will spend at least nine months in jail after pleading guilty to trading in Genesis Minerals shares in September 2021 with insider knowledge, netting almost $60,000 in profits.
A judge has dismissed the corporate regulator’s first-ever case over unfair insurance contracts terms, finding it was not unfair for an insurer to require customers to notify it if anything changed about their home or its contents.
The Australian Securities and Investments Commission has won an interim travel ban against the CEO of software company Dubber Corporation and its external solicitor in Melbourne, with the regulator saying it suspects misuse of term deposit funds.
The Australian Securities and Investments Commission has secured a third guilty plea stemming from its investigation into a $180 million Ponzi scheme run by the Courteney House group of companies.
A judge has ordered Western Australian biotech Holista Colltech to pay a penalty of $1.8 million for making misleading representations to the market about sales of its natural sanitiser product during the height of the COVID-19 pandemic, and hit its CEO with a four-year ban.
A judge has declined to set aside a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global, noting that the company’s liquidators may have claims of up to $42.9 million against him.