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ASIC has lost its case alleging software company Nuix failed to publish corrective disclosures that contradicted the growth story presented to the market in a prospectus for its $1.8 billion float on the ASX.
Gaming company Light & Wonder has been hit with a securities class action over disclosures about its Dragon Train poker game, after an employee's theft of rival Aristocrat's trade secrets led to litigation that settled for $190 million.
Construction PRO
The High Court has declined two special leave applications in lawsuits over the failed Pentridge Village development in Melbourne.
Corrs Chambers Westgarth has hired a competition specialist from Magic Circle firm Slaughter & May to join the firm's Sydney office as a partner.
Construction PRO
Liquidators for defunct construction group Hastie have launched a bid in its Federal Court case against Hall & Wilcox to refer a $18.6 million bill from the law firm to a costs assessor.
US-based drug maker Cosette has lost its bid to stay proceedings alleging it induced the treasurer to reject its $672 million tie-up with Mayne Pharma, with a judge finding Mayne has a right to prosecute its case and would be prejudiced by the delay.
A judge has slapped defunct crypto firm Binance Australia Derivatives with a $10 million penalty for misclassifying around 500 retail customers as eligible to invest in risky derivatives intended for sophisticated investors.
Israel-based Smart Trike is seeking to withdraw its admission that it supplied noncompliant convertible strollers to the Australian market in a fight with distributor Target over a recall of the products.
Former Star CEO Matthias Bekier is seeking leave to appeal a judge's finding that he and the casino operator's former GC breached their duties, while ASIC is mulling a challenge to the court's dismissal of its case against members of the Star board.
A judge has refused to disqualify himself from case managing Mayne Pharma's latest dispute with US drug maker Cosette over the collapse of their $672 million merger agreement, calling the bid “plainly premature”.