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Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.
An email from Nuix's former CFO that referred to financial results as “worse than terrible” was an attempt to push the sales team to meet targets, a trial court has heard in a class action alleging misleading market disclosures ahead of the software firm's $1.8 billion IPO.
A mid-trial amendment bid by shareholders in a class action over Arrium's collapse will delay cross-examination of the company's CEO and former directors, who told a judge Wednesday they should not be required to enter the witness box until the issue is resolved.
An ASX shareholder is planning a derivative suit against former officers and directors over the bungled CHESS replacement project, after a judge found senior directors were involved in misleading investors about the project and slapped the ASX with a $20.5 million penalty.
Months after a judge urged the parties to "move on in life", singer Guy Sebastian has reached a settlement in a drawn-out case against former manager Titus Day, who apologised for his "regrettable decisions".
An appeals court has held that former INXS manager Maria-Christina Copinger-Symes, whose father was part of a wealthy shipping dynasty, cannot withdraw concessions made by her senior counsel in her claim over her father’s estate.
The competition watchdog has allowed Black Rhino Group's acquisition of Club Hotel Motel Roma and multiple bottle shops from Speedy Cocktails on the condition that it sells at least one of its bottle shops in Roma, Queensland to an ACCC-approved purchaser.
A class action over the collapse of Arrium is bound to its pleading that the asset value of all the steelmaker's business units was impaired by a total of $2.8 billion, a judge has ruled in the second week of trial.
Slater & Gordon should pay $6.5 million in security in a shareholder class action against Star, the casino giant says, citing concerns about the law firm’s ability to foot its costs if the case fails.
A failure by software firm Nuix to meet internal budgets ahead of its $1.8 billion IPO in 2020 was the result of “ambitious targets” to incentivise the company's sales staff, a court was told Tuesday.