The corporate regulator has been accused by all major political parties of obstructing parliamentary investigations into how it polices the nation’s businesses.
Nuix claimed the globe’s corporate cops could not live without its data forensics tools. The Australian regulators now need to find out if this is true.
ASIC is also taking legal action against members of the Nuix board over alleged disclosure breaches relating to its forecasts released last year.
Things are going from worse to worst for the troubled Aussie tech outfit.
The Australian tech company keeps finding new ways to disappoint investors.
Data analytics company Nuix is never far from the headlines with scandal after scandal since listing in December 2020. An affidavit alleges some shocking practices inside the group,which is majority owned by Macquarie.
The co-founder of embattled tech company Nuix Eddie Sheehy is arguing in the Federal Court he is entitled to 22.6 million shares he wanted to dump just after the company listed in December 2020.
The biggest float of 2020 became the worst float in a decade leaving questions over investor protections as prospectuses have become a legal way for the board,executives and advisers to cover their butts.
Macquarie Group says an internal review has found the bank followed a rigorous process in handling the initial public offering.
Nuix has been the most disastrous float in years,but the data forensics group has not lost all of its fans despite being associated with two criminal investigations and a probe into its accounts.
The corporate watchdog is investigating whether Stephen Doyle,together with his brother and father,may have pulled off one of the country’s largest insider trading heists using a labyrinth of Singapore and Swiss companies to disguise their tracks.