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ASIC defends handling of Nuix prospectus ahead of disastrous IPO
Securities 2021-06-18 2:35 pm By Christine Caulfield

The Australian Securities and Investments Commission’s new chair Joseph Longo has defended his team’s work in reviewing the Nuix prospectus before the embattled tech company’s […]

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EML Payments faces second class action probe over money laundering controls
Class Actions 2021-06-16 11:40 pm By Christine Caulfield

Payments processing company EML is looking at two potential shareholder class actions over its alleged failure to notify the market of concerns by Ireland’s central […]

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NAB wins $43M judgment against ex-Dick Smith director but receivers walk away empty handed
Restructuring & Insolvency 2021-06-15 4:47 pm By Miklos Bolza

A judge has awarded $43 million to National Australia Bank in its lawsuit against former directors of failed retailer Dick Smith, but threw out claims […]

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Treasury has no time to list ‘opportunistic’ class actions driving reform bill, committee told
Policy and Regulation 2021-06-10 10:21 pm By Christine Caulfield

Combatting “opportunistic” class actions is one of the main drivers behind proposed legislation to reform Australia’s continuous disclosure laws, but the federal treasury department has […]

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ASIC brings action against shipbuilder Austal over $3.5B US Navy program
ASIC 2021-06-10 10:26 am By Christine Caulfield

Defence shipbuilder Austal has been hit with regulatory action over market disclosures linked to cost overruns with the company’s $3.5 billion US Navy warship program. […]

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‘Very very messy law’: Government urged to rethink changes to continuous disclosure regime
Class Actions 2021-06-09 1:05 pm By Cat Fredenburgh

The government’s proposed changes to the country’s continuous disclosure regime substitutes a “bright line legal test” with a “very very messy law” that will weaken […]

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Judge shuts down derivative suit against CBL over $3M share acquisition
Securities 2021-06-07 11:03 pm By Miklos Bolza

A shareholder’s attempt to reverse a $3.15 million share acquisition by the managing director of construction giant Consolidated Builders Ltd has been dismissed by a […]

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GetSwift class action faces fight to use witness evidence from ASIC case
Class Actions 2021-06-04 10:15 pm By Christine Caulfield

GetSwift is opposing a bid by the lead shareholder in a class action to rely at an upcoming trial on evidence given by overseas witnesses […]

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‘I don’t think it’s right’: Federal Court judge not a fan of landmark class closure ruling
Class Actions 2021-06-04 4:00 pm By Cindy Cameronne

A Federal Court judge has made his feelings known about a ruling by the NSW Supreme Court last year that found judges have no power […]

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EML Payments faces potential class action over money laundering risk disclosures
Class Actions 2021-06-03 11:05 pm By Cat Fredenburgh

Payments processing company EML is the target of a shareholder class action investigation over its alleged failure to timely alert the market to concerns about […]

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