A former contractor at the ASX has alleged the securities exchange was “embarrassed” by governance failures relating to a $200 million technology modernisation program and sought to hide the issues from the Reserve Bank of Australia.
A judge has signed of on a settlement struck by the liquidator for failed financial services firm Babcock & Brown, which will resolve all remaining and future shareholder disputes, which have beleaguered the liquidator for 12 years.
A judge has taken ASIC to task for pleading its remitter case against Mayfair 101 Group director James Mawhinney in minute detail, but has rejected arguments the regulator ran the proceeding in an “oppressive and unmeritorious” way.
Venture capital firm EVP has added 20 parties to a lawsuit seeking to recoup its $10.4 million investment in Strongroom AI, as a judge extended freezing orders against directors of the med-tech start-up.
ASIC has confirmed it is investigating at least one ratings house which said Keystone’s failed Shield Master Fund was of ‘investment grade’, as the corporate watchdog seeks to claw back $480 million in investor funds.
Advised by Corrs Chambers Westgarth, uranium producer Paladin Energy has raised $300 million to advance its Patterson Lake South project in Canada.
Packing giant Pact Group, owned by billionaire Raphael Geminder, has won its bid to have two barristers cross-examine an expert for logistics and supply chain company TIC Group when their dispute over a $30 million earn out payment goes to trial in December.
Piper Alderman has appointed a partner with equity capital markets expertise for the law firm’s corporate team in Perth.
A former head of trading technology at the ASX has filed a lawsuit claiming he was axed after he raised concerns about insufficient resources to operate the market properly, including in relation to the exchange’s CHESS replacement project.
Clayton Utz has snagged a senior partner from Allens’ mergers and acquisitions team to become its head of private equity.