Securities

Liberal senator Dave Sharma has called on ASIC to scrutinise AI data centre company Firmus' withdrawn initial public offering, including representations made to investors.

Liberal senator Dave Sharma has called on ASIC to scrutinise AI data centre company Firmus' withdrawn initial public offering, including representations made to investors.

The corporate cop has asked a judge to hit the former CEO of collapsed budget airline Rex with an agreed $800,000 penalty for continuous disclosure breaches. 

An ASX shareholder has won an interim bid to file a derivative case against several former directors over its CHESS replacement project, but a challenge over whether the case can proceed is still on the cards.

The Australian Securities and Investments Commission has called for improvements in how mortgage brokers demonstrate that home loan recommendations are in customers’ best interests.

Private mining investment firm QGold and its founder Christopher Ian Wallin have been hit with a class action, the third representative proceeding filed so far this month.

The ASX will oppose a shareholder's bid to bring a derivative suit against former officers and directors over its bungled CHESS replacement project, after a judge found directors were involved in misleading investors about the project and hit the exchange with a $20.5 million penalty.

AI data centre operator Firmus has scrapped its plans for an initial public offering that valued the company at over $44 billion.

Light & Wonder has hit back at a securities class action over disclosures about the theft of Aristocrat's trade secrets, denying that its 2025 $1.4 billion forecast depended on its Dragon Train poker game which misappropriated its rival's IP.

A judge has questioned how a law firm arrived at a proposed GCO rate of 35 per cent in a shareholder class action against Light & Wonder and wants more data to support the application, which the game maker said was based on "impressionistic" evidence.