Regulatory Alerts2026-04-23
Federal Court dismisses ASIC’s continuous disclosure case against Nuix
The Federal Court dismissed ASIC’s case against Nuix Limited, ruling that the company did not breach continuous disclosure obligations or mislead investors regarding its 2021 financial forecasts. The Court also rejected ASIC’s claims against the Nuix board for alleged failures to prevent misleading statements and ensure proper disclosure. ASIC Chair Joe Longo emphasized the importance of timely disclosures, and the regulator now has 28 days to decide whether to appeal the judgment to the Full Federal Court.
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