Securities

Online investment platform eToro has won its bid to rely on late expert evidence in ASIC's first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.

A geological consultant has been sentenced to a suspended 12 months’ prison after pleading guilty to insider trading using information obtained through his work with Beacon Minerals. 

A judge has approved a 35 per cent group costs order in a shareholder class action against WiseTech, but said the relatively high rate could be revisited by the court at a later stage in the case. 

Commercial property fund Elanor Funds Management has hit back at "factually incorrect" claims made by Lederer Group as part of a $285 million takeover bid.

Former director of fintech iSignthis, John Karantzis, plans to appeal a ruling that slapped him with a $1 million penalty and disqualification orders for allegedly providing misleading information to shareholders. 

A judge has handed iSignthis and its director $11 million in penalties for failing to give adequate disclosures and giving misleading information to the ASX, saying reliance on legal advice was no reason to reduce the fine.

Mayne Pharma and US drug maker Cosette have agreed to postpone the start of trial in a case over the termination of a $672 million merger to allow for late amendments.

Mayne Pharma has denied US drug maker Cosette's claims it breached its continuous disclosure obligations in relation to US FDA concerns about marketing for its Nextstellis contraceptive, as the drug makers spar over their $672 million merger.

A judge has made winding up orders against companies connected to Lion Property Group and allowed Victoria Police to access a confidential report from the luxury Melbourne developer's provisional liquidators.

With evidence finally in after six years, Lendlease has asked a court to reject a portion of a shareholder class action’s expert reply evidence, arguing it unfairly introduces a new and unforeseen loss methodology.