Most Recent
More law firms ready class actions over Downer’s $40M earnings overstatement
More class action law firms have pounced on Downer EDI's "accounting irregularities" that led to the company overstating profits by up to $40 million.
Australian Mines ex-director hit with $70,000 penalty for conference representations
A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.
TechnologyOne halts trading after cyberattack
One of the country's largest software companies has entered a trading halt after detecting unauthorised third-party access to its internal IT system.
Noumi class action judge questions ‘unusual’ privilege bid over docs seen by Ashurst, PwC
A judge has questioned an "unusual" bid by Noumi to shield over 3,000 documents, their titles and the identities of those who sent them to PricewaterhouseCoopers during a 2020 investigation into the food company's financial position.
Downer EDI hit with second shareholder class action over accounting irregularities
Infrastructure services company Downer EDI has been hit with a second shareholder class action following revelations of accounting irregularities that sent its share price tumbling.
Ord Minnett fined $888,000 for pre-arranged trades
Wealth management firm Ord Minnett has paid an $888,000 penalty for twice breaching market integrity rules in executing a share buy-back with "pre-arranged" trades.
Class action can’t grill Noumi lawyer on legal privilege claims over PwC docs
The applicants in a shareholder class action against the former Freedom Foods have failed in a bid to cross-examine Noumi's inhouse counsel on affidavits swearing to the legal professional privilege of 3,000 documents, including material containing advice from accounting firm PricewaterhouseCoopers.
Nuix class action to go ahead despite ASIC case
A shareholder class action against software company Nuix will go ahead as planned, after a stay application threatened to put the proceeding on ice pending the outcome of a separate case brought by ASIC.
GetSwift director can’t be located for service of suit by ex-Demons teammate
GetSwift director Joel Macdonald cannot be located for service of a $15 million lawsuit by his former Melbourne Demons teammate James Strauss, a court has heard.
ANZ, Citigroup execs defend book coverage despite receding demand in $2.5B capital raising
Two executives involved in ANZ’s $2.5 billion equity capital raising have stood by arguments that the book was covered when the bank’s underwriters took up $750 million of the shares, despite ASIC’s allegations of “receding demand” on the day of the placement.