ASIC drops investigation into Nuix’s IPO disclosures

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The Australian Securities and Investments Commission has dropped its investigation into Nuix’s financial statements in the lead-up to its 2020 public float, but will continue to probe the troubled tech company’s statements in the period since the initial public offering.

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Settlement talks advance in bungled lease case against Macpherson Kelley

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Macpherson Kelley will head to an eleventh-hour mediation in a negligence case over the execution of a 10-year service station lease agreement with Shell, after the court heard settlement talks were well progressed.

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SAS sergeant admits he was reporter’s source in Ben Roberts-Smith trial

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A SAS sergeant testifying for Fairfax Media in the Ben Roberts-Smith’s defamation trial has admitted he told an investigative reporter the decorated veteran machine-gunned a disabled man during the war in Afghanistan, but insisted everything he said was true.

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AMP hopeful of settlement in $35.5M poaching dispute

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AMP has expressed optimism that it will be able to reach a settlement with DST Bluedoor in a $35.5 million lawsuit accusing it of poaching 11 DST employees after licensing the software company’s online platform.

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PE Capital ordered into liquidation after running unregistered investment schemes

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A court has ordered the winding up of investment manager PE Capital Funds Management, whose responsible entity Endeavour Securities has connections to collapsed financial services company Linchpin Capital.

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Maddocks lures corporate specialists from Lander & Rogers, Herbert Smith Freehills

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Law firm Maddocks has bolstered its corporate practice with the addition of two senior mergers and acquisitions specialists, nabbed from Lander & Rogers and Herbert Smith Freehills.

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Top judge warns against making a villain of class actions

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As parliament weighs the latest Morrison government crackdown on class actions, the Federal Court’s chief judge has warned of “an ever present danger” of maligning the regime.

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High Court gives boost to gig economy, clarifies test for independent contractors

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The High Court has bolstered the position of businesses hiring independent contractors with two rulings clarifying the importance of the contract in determing the status of workers.

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Forum Finance director can’t block receivers from selling waterfront homes

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Forum Finance director Vince Tesoriero has lost a battle to stop receivers from selling luxury properties in which he and Bill Papas hold a stake pending the outcome of Westpac’s fraud case against him.

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