Nuix directors expected to make up lagging performance
Nuix directors relied on performance data from management, which indicated the tech stock would get itself out of trouble in time to hit prospectus guidance.
Source: afr.com
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Nuix court case: Share slump should have sparked concern about forecasts, ASIC tells court
In its closing arguments for the long-running dispute, the regulator says directors must have known that the market did not believe they would hit targets.
Source: afr.com
Nuix chair in "state of shock" after stock collapse, but had hope
Jeffrey Bleich said he was convinced by management that the firm could turn itself around and that is why they did not disclose its poor performance to investors.
Source: afr.com
NXL ASX: Nuix director Iain Lobban concedes he didn't read board papers ahead of meetings
Iain Lobban told the Federal Court he largely relied on others on the board and management when considering what should be disclosed to investors.
Source: afr.com
Nuix takeover: ASIC looking into first date the offer was raised
Sources say discussions between Nuix and Reveal regarding a potential takeover happened at least two days before when Nuix publicly said it was.
Source: afr.com