Jul 8, 2026 – 4.00pmThe Federal Court on Wednesday rejected Clive Palmer’s “very elaborate edifice of allegations” against James Shipton, dismissing an appeal by the billionaire of his suit against the former Australian Securities and Investments Commission chair and saddling Palmer with costs.Palmer, who is Australia’s fifth-richest person, launched legal action against Shipton in 2024. This was three years after Shipton resigned from ASIC and in the middle of two separate suits brought by the regulator against the mining magnate.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Clive Palmer loses ‘flimsy’ case against former ASIC chair
The Federal Court said Palmer’s allegations against James Shipton were a “construct based on speculative inferences compounded upon other speculative inferences”.
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