Federal Court dismisses ASIC disclosure case against Nuix
Key points
- Federal Court dismisses ASIC's market disclosure allegations against Nuix and its former directors
- Nuix committed to driving shareholder value, supporting people and customers, and using products as a force for good
- ASIC has a period of time to consider whether to appeal the decision
Full summary
The Federal Court of Australia has today delivered its judgment dismissing the enforcement proceedings brought by ASIC against Nuix and its then directors for alleged continuous disclosure breaches and misleading conduct in 2021. Nuix Chairman, Robert Mactier, stated that the company is pleased the Federal Court has resolved the allegations concerning Nuix's early 2021 market disclosure and that the cases against both Nuix and the then directors of the company have been dismissed. Nuix is committed to driving shareholder value, supporting its people and customers, and using its products and services as a force for good. ASIC has a period of time to consider whether it will appeal the decision.
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