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Ex-ACCC head Graeme Samuel has told a committee probing a KPMG whistleblower's claims that splitting audit services off from consulting firms is a "ridiculous" idea, instead recommending partnerships be regulated under the Corporations Act and "miscreant" auditors face "severe" penalties.
The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.
A judge has declared super fund trustee Netwealth breached the Corporations Act in offering the First Guardian fund on its investment platform, which left more than 1,000 members exposed to $100 million in losses.
A $27 million lawsuit by Dubber against former CEO Stephen McGovern and the software firm's solicitor has been stayed as the corporate cop pursues the company's auditor.
ASIC has won its case alleging health and beauty giant McPherson’s breached its continuous disclosure obligations and engaged in misleading or deceptive conduct by failing to update the market sooner about declining sales forecasts for its Dr LeWinn's skincare line.
Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.
An ASX shareholder is planning a derivative suit against former officers and directors over the bungled CHESS replacement project, after a judge found senior directors were involved in misleading investors about the project and slapped the ASX with a $20.5 million penalty.
The corporate regulator has sought court declarations against super trustee Netwealth over the failed First Guardian investment fund, which along with the collapsed Shield is believed responsible for $1 billion in losses.
A judge has pushed out freezing orders against the former chief investment officer of failed investment firm Falcon Capital, dismissing the excecutive's complaint that he was leaning on friends to pay bills.
Star's former chief legal offer has won a stay of a $400,000 penalty as she appeals a finding that she breached her directors' duties by failing to alert the company's board to money laundering risks in its Sydney casino.