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Canadian trader Daniel Schlaepfer has suffered a loss in his $10 million defamation case against ASIC, with an appeals court tossing the lawsuit despite finding the regulator defamed him and his firm by accusing them of unlawful market manipulation.
The Australian Securities and Investments Commission has dropped its investigation into trading firm Select Vantage, which brought an unsuccessful $10 million defamation suit against the regulator.
The Court of Appeal for the NSW Supreme Court on Saturday overturned a ruling that banned this weekend's Black Lives Matter protest, saying the rally was an authorised public assembly.
A Canadian trader is appealing a ruling that threw out his $10 million defamation case against the Australian Securities and Investments Commission over allegedly defamatory communications the regulator sent to major stockbrokers.
ASIC has successfully defended a $10 million defamation case brought by a Canadian trader, with a judge finding any loss experienced was due to his firm's traders manipulating the market.
A contempt of court prosecution ordered against Google for failing to immediately remove allegedly defamatory online reviews has been thrown out, with a judge saying the internet giant did not act in reckless or negligent disregard of the court's removal orders.
The Commonwealth of Australia is preparing a special leave application to the High Court challenging a NSW Court of Appeal decision reviving a class action brought on behalf of sailors over an allegedly broken Navy training promise.
Trader Daniel Schlaepfer and his firm Select Vantage were alerted to possible market manipulation and flaws in the company's surveillance system, the court has heard mid-trial in the case alleging ASIC made defamatory remarks to the trading firm's major business partners.
Trader Daniel Schlaepfer and his firm Select Vantage are seeking over $10 million in damages from the Australian Securities and Investments Commission in a defamation action against the corporate regulator, a court heard Thursday on the fourth day of trial in the case.
The Australian Securities and Investments Commission made global trading firm Select Vantage "vanish overnight" from the Australian market using slanderous statements based on a lack of evidence, the NSW Supreme Court has heard.