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Law firm investigating class action against Nuix over IPO
ASIC 2021-05-19 10:49 pm By Cat Fredenburgh

Phi Finney McDonald is investigating a class action against technology company Nuix over its $2.5 billion float, following troubling reports about the Macquarie-backed company’s pre-IPO […]

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‘Am I not safe?’: Westpac faces court action by longtime exec and whistleblower
Employment 2021-05-19 4:45 pm By Miklos Bolza

A former Westpac banking veteran and whistleblower has sued the Big Four bank, claiming she was dismissed in retaliation for complaints filed about the bank’s […]

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ASIC should spell out ‘serious’ insider trading allegations, Westpac tells court
Financial Services 2021-05-19 4:07 pm By Cindy Cameronne

Westpac has argued that ASIC should flesh out its case accusing the banking giant of insider trading before the $16 billion privatisation of electricity provider […]

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Westpac class action funder forgoes commission after running out of money
Class Actions 2021-05-18 8:28 pm By Christine Caulfield

The cash-strapped litigation funder that initially agreed to bankroll a class action against Westpac over life insurance premiums will not earn a cent in commission […]

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EY resigns as Omni Bridgway auditor over class action conflict
Class Actions 2021-05-17 7:15 pm By Cat Fredenburgh

Ernst & Young has resigned from its role as Omni Bridgeway’s long-time auditor after determining a class action against it that’s being backed by the […]

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Baker McKenzie dragged into Chinese lender’s case against PwC over failed Aussie launch
Accounting 2021-05-17 5:52 pm By Cindy Cameronne

Chinese lender Aoyin wants to join Baker McKenzie to its claims against PwC over a failed bid to launch the first Chinese bank incorporated in […]

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ASIC sues to wind up four PE Capital managed investment schemes
Financial Services 2021-05-14 4:22 pm By Miklos Bolza

The Australian Securities and Investments Commission has launched court proceedings seeking to wind up investment manager PE Capital Funds Management, whose responsible entity Endeavour Securities […]

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800-page report dooms ASIC bid for early trial in cybersecurity case against IOOF unit
Privacy & Cybersecurity 2021-05-14 3:39 pm By Cindy Cameronne

A judge has denied ASIC’s request that the court hear its case against RI Advice in November, giving the IOOF unit more time to respond […]

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ASIC bans former Theta director over defective product disclosures
Financial Services 2021-05-14 2:25 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has banned the former managing director of collapsed financial services provider Theta Asset Management from providing financial services for […]

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OTC trader wins more time to respond to ASIC’s 2,000-page pleading
ASIC 2021-05-13 3:32 pm By Miklos Bolza

A judge has granted OTC trader EuropeFX more time to file its defence to an 80-page statement of claim and over 2,000 pages of particulars […]

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