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The Australian Stock Exchange has denied claims by ISignthis that it suspended the fintech company's shares without warning and at the direction of ASIC, but has admitted that it told the company it would consult with the securities regulator before lifting the ongoing suspension.
Two former directors of defunct Gold Coast asset manager Avestra are facing a lawsuit from the company's liquidators seeking to recover $6 million in alleged losses by three of the company's managed investment schemes.
ASIC has chalked up a victory in a long-running case against a Marshall Islands-based binary options trader, with a judge finding the trader engaged in the "deliberate deception of vulnerable people".
Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
Lawyerly's Litigation Firms of 2019 racked up multiple wins last year in high-stakes litigation against formidable opponents, including the country's top regulators.
Running a law firm is not without risk, chief among them staring down a lawsuit by a client, an ex-partner or employee, even a rival firm. Last year, Australian firms faced numerous actions alleging everything from sex discrimination to negligence.
The liquidators of Melbourne-based forex trader Berndale Capital have filed examination proceedings in the Federal Court seeking to question the company's former CEO and its other directors.
The property developers behind two Canberra apartment complexes have been dealt a partial loss in two class actions against them, with a judge finding the developers misled the lead applicants about the GST payable on their units but that only some of them were entitled to compensation or restitution.
A six-week trial scheduled for February in a criminal cartel case against mobile equipment provider Country Care Group could be vacated a second time as lawyers for the defendants seek to appeal the judge's planned directions to a jury in the groundbreaking case.
An appeals court has slashed a $450,000 judgment against law firm HWL Ebsworth to $127,000, after finding a former partner who sued the firm for unfair dismissal had not lost the opportunity to seek other employment.