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A judge has ruled that former Noumi CEO Rory Macleod failed to ensure the company complied with its financial reporting obligations, but found several of the corporate regulator’s claims fell flat.
A judge has ordered a class action against Fitch to fork over $12.4 million in security, refusing to discount the sum for what the class action called the company's 'Rolls-Royce' defence.
Investment manager Macquarie is the first to face a class action by investors who sank their super into the Shield and First Guardian Master Funds, with other investigations underway.
A class action against CMC Markets has agreed to provide an additional $6.5 million in security, with the parties avoiding a contested hearing over the online trader's bid for $8.6 million.
The number of new class actions this year is on track to be the lowest in 10 years as plaintiff firms wait to see which way the High Court will lean in a crucial shareholder case and funders redeploy capital to nascent class action jurisdictions.
A judge has questioned the level of detail in a 1,700-page proposed amended pleading in a shareholder class action over the collapse of fund manager Blue Sky, expressing "frustration" at the amount of unnecessary work that goes on in class actions.
ASIC's Markets Disciplinary Panel has slapped NAB broker WealthHub Securities with a $1.055 million fine for failing to accurately report regulatory data.
A judge has ruled that two early investors in iSignthis are entitled to $689,662 in compensation after finding that the fintech breached an agreement entitling them to performance shares in the company.
ASIC is continuing its aggressive crackdown on advisers that spruiked the First Guardian and Shield Master Funds, banning a MWL Financial adviser for allegedly providing advice that was not in her clients' best interests.
A judge has appointed receivers to defence contractor Lanmar following a dispute between its directors, two of whom relied in part on ChatGPT advice on how to remove a fellow director from involvement in the business.