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ASIC defends handling of Nuix prospectus ahead of disastrous IPO
ASIC 2021-06-18 2:35 pm By Christine Caulfield

The Australian Securities and Investments Commission’s new chair Joseph Longo has defended his team’s work in reviewing the Nuix prospectus before the embattled tech company’s $2.9 billion float late last year.

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Ben Roberts-Smith tells court another soldier shot at unarmed Afghan man first
Anna Mitchelmore 2021-06-17 9:49 pm By Cindy Cameronne

Accused war criminal Ben Roberts-Smith has told a court it was “more than reasonable” for him to assume an unarmed Afghan man was a hostile insurgent because he saw another soldier shoot at the man first.

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High Court denies David Leyonhjelm’s bid to appeal $120,000 defamation award to Sarah Hanson-Young
Appeals 2021-06-17 3:21 pm By Cat Fredenburgh

The High Court has denied a request from former senator David Leyonhjelm to challenge a ruling ordering him to pay $120,000 to Greens senator Sarah Hanson-Young for defaming her with “crass” and “obviously sexist” comments made in a series of interviews in 2018.

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Senator blasts ASIC for failing to investigate ‘catastrophic’ Nuix float
ASIC 2021-06-17 10:41 pm By Cat Fredenburgh

Labor Senator Deborah O’Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.

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ACCC seeks $1.2M penalty against Sumo Power for pricing bait and switch
ACCC 2021-06-17 3:00 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission is seeking a $1.2 million penalty against Victorian electric utility Sumo Power for luring customers with the promise of discounts and low rates only to jack up their prices months later.

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Silk Sue Chrysanthou could face disciplinary proceedings over Christian Porter brief
Defamation 2021-06-17 2:32 pm By Cat Fredenburgh

Leading defamation silk Sue Chrysanthou is facing possible disciplinary action arising from her representation of Liberal minister Christian Porter in a now-settled defamation case against the ABC.

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Judge muzzles Romeo’s senior managers after second communication in class actions
Adero Law 2021-06-17 2:14 pm By Christine Caulfield

A judge has ordered employees of supermarket chain Romeo’s to receive a further corrective opt-out notice in class actions against the company following claims that a senior manager again initiated discussions with group members about the case.

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EML Payments faces second class action probe over money laundering controls
Class Actions 2021-06-16 11:40 pm By Christine Caulfield

Payments processing company EML is looking at two potential shareholder class actions over its alleged failure to notify the market of concerns by Ireland’s central bank relating to compliance with anti-money laundering regulations.

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Victoria drops out of combustible cladding class actions
Amelia Smith 2021-06-16 11:00 pm By Cat Fredenburgh

The state of Victoria has opted out of two class actions over allegedly combustible cladding, after agreeing to join as a group member last year.

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How Arnold Bloch Leibler’s Elyse Hilton survived the Hayne commission and made partner
Arnold Bloch Leibler 2021-06-16 9:55 pm By Cindy Cameronne

Unlike many successful litigation partners, Arnold Bloch Leibler partner Elyse Hilton wanted to be “anything but a lawyer” when she was in high school.

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