ANZ loses appeal in ASIC case over $2.5B share placement

Posted on by Sam Matthews
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ANZ has lost its appeal of a landmark decision finding it breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters during a $2.5 billion capital raising.

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Judge from Maurice Blackburn should not hear Fletcher class action, court told

Posted on by Cindy Cameronne
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A judge should be disqualified from hearing a class action against Fletcher Building because of his previous association with the funder, as well as public remarks he made as a plaintiffs’ solicitor, a court has heard. 

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Keybridge must contribute to director’s ‘substantial’ legal bill

Posted on by Cindy Cameronne
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Investment firm Keybridge must contribute to a director’s “substantial” legal bill from a dispute with another director, with a judge finding there was no “lack of clean hands” that would prevent him from being indemnified.

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Medibank admits lack of multi-factor authentication partly to blame for breach

Posted on by Cindy Cameronne
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Medibank has denied breaching privacy rules in response to the regulator’s case over a 2022 cyber attack, but has admitted sensitive data was hacked in part because its network lacked multi-factor authentication. 

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