here's some more grist for the ASIC mill, check out this story in the SMH on March 1 this year, this is the part i especially like....
Sigalla's lawyers also had something to celebrate. And there was something for ASIC to be embarrassed about.
In a separate ruling, Justice White ordered ASIC pay 75 per cent of the now bankrupt Sigalla's court costs. This was partly a result of Sigalla being found guilty of nine of the original 45 contempt charges and ASIC's investigation being ''conducted in an improper fashion''. ''The proceedings in respect of some of the charges were brought without reasonable cause,'' Justice White said.
