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A judge has allowed a mid-trial amendment in a shareholder class action over software company Nuix's 2020 public float on the ASX.
Nuix has blasted as defective and "exceptionally" late a proposed mid-trial amendment to the pleadings in a shareholder class action over the software firm's 2020 IPO.
Facing cross-examination in a shareholder class action over Nuix's allegedly misleading IPO prospectus, a senior Macquarie executive has testified that he was comforted by two US law firms' finding that there was nothing untrue in the document.
A shareholder class action against Nuix and underwriter Macquarie over the software company's float on the ASX has trimmed its case against the company's former chairman the third week into trial.
A former Macquarie director has given evidence that it would have been "prudent" for Nuix to have reduced its sales forecast, as a shareholder class action hearing over the software company's float on the ASX enters its third week.
Nuix's former boss Rod Vawdrey was almost ousted in 2019, a trial court heard Thursday, with a shareholder class action pointing to a board paper that referred to the software firm's “toxic, no-trust, fear-based culture”.
ASIC is appealing the dismissal of its case against software company Nuix over representations in a prospectus for its $1.7 billion float, saying it was concerned the court got it wrong.