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Nuix Shares Surge After Court Dismisses ASIC's Disclosure Case Against Company

-- Nuix (ASX:NXL) shares advanced nearly 12% in recent Friday trade after Australia's Federal Court on Thursday dismissed the Australian Securities and Investments Commission's (ASIC) disclosure obligations case against the company.

The court dismissed the regulator's claim that Nuix made misleading or deceptive financial guidance disclosures to the market in 2021.

The court ruled that the company had reasonable grounds to issue the guidance in question, and ordered the ASIC to cover Nuix's legal costs.

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