Oren Bigos

A judge has denied ASIC’s bid to appoint an interim receiver to preserve the assets of three financial services companies that advised clients to invest in complex derivatives, which ASIC is seeking to have wound up for alleged violations of the Corporations Act.

After a marathon hearing in court on Monday, law firm Squire Patton Boggs lost its battle to avoid client communication restraints that other parties in the GetSwift class action saga voluntarily agreed to.

Car giant Ford now has an extra month to get its ducks in a row ahead of a scheduled trial next year in a case alleging it misled drivers who complained about faulty vehicles.