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Forum Finance liquidators win court ok to sell $1.2M luxury yacht
Liquidators for Forum Finance have won court approval to sell a $1.2 million Mangusta luxury yacht as well as 12 properties owned by various companies within the Forum Group.
ASIC issues notices to Nuix as part of investigation
The Australian Securities and Investments Commission issued notices Thursday to Nuix seeking documents in its investigation of the troubled tech company.
ASIC to hand over examination transcript in Westpac insider trading case
ASIC has agreed to provide Westpac with the transcript of a compulsory examination of one of its traders in court proceedings accusing the bank of insider trading in relation to the $16 billion privatisation of electricity provider Ausgrid.
Judge freezes Forum Finance director’s worldwide assets
A judge has expanded a freezing order over assets owned by Forum Finance director Vincenzo Tesoriero to include property outside Australia, including a yacht in Miami dubbed “XOXO”, after Westpac raised concerns about non-disclosure.
‘Completely off the track’: Judge got it wrong in deep sleep therapy case, Full Court told
A judge who dismissed a defamation case against HarperCollins by two psychiatrists who administered the controversial deep sleep therapy at Chelmsford Private Hospital in the 1970s was criticised Monday for her ‘presumptuous cynicism’.
Judge scolds Linchpin liquidators for ‘unsatisfactory’ conduct in class action
A judge has criticised the liquidators of collapsed financial group Linchpin Capital after they failed to inform the court whether they intend to defend class action proceedings or if default judgment should be made against the company.
Judge sets course to avoid ‘Brobdingnagian’ trial in PFAS class actions
With mediation failing to resolve an expansive class action against the federal government over its use of allegedly toxic firefighting foam, a judge has charted a plan to avoid a "Brobdingnagian" trial and efficiently determine the claims of group members around eight military bases across Australia.
IOUPay granted relief for compliance bungle on 20 million share issuance
Fintech software solutions company IOUPay has been granted relief from the court after issuing 20 million shares without lodging a cleansing notice with the Australian Securities Exchange.
HWL Ebsworth, Vannin targeted in latest dispute over Queensland Nickel joint venture
Three Clive Palmer-owned companies have filed a breach of trust lawsuit against HWL Ebsworth, funder Vannin Capital and the liquidators of Queensland Nickel attempting to recoup $102 million transferred after the billionaire suffered a courtroom defeat earlier this year.
Use of CBA app for notice of $7M penalty in ASIC case not appropriate, judge says
A judge has refused to order Commonwealth Bank of Australia to publish notice of a $7 million penalty in a case brought by ASIC on its mobile app, but the bank will have to alert customers to its misconduct on its website and online newsroom.