Australia's Nuix slumps as former CEO appeals against firm
08/03/2023 01:48
** Shares of Nuix Ltd NXL.AX plunge as much as 15.2% to
A$1.085, set to mark their worst day since Feb 13, if losses
hold
** The software firm says that former CEO has lodged notice
of appeal regarding certain aspects of Federal Court decision on
his claims against co
** Says former CEO has not appealed primary judge's finding,
that his maximum potential damages claim would be A$61 mln
($40.18 mln) plus interest
** Co continues to reject former CEO's claims and will
defend appeal
** Stock hits lowest since Feb 23
** Stock more than doubled this year, as of last close
($1 = 1.5181 Australian dollars)
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))