ASIC
ASIC launches formal investigation into KPMG as scandal deepens
ASIC has told a senate estimates committee that it is now formally investigating KPMG in the wake of allegations the firm misused client data.
Class Actions
Queensland teens win right to pursue class action-style case over gender treatment ban
A Queensland tribunal has ruled that hundreds of teenagers who were denied access to puberty blockers and hormone treatment can pursue a class action-style complaint, over attempts by the state government to block it.
Class Actions
Fight brewing over $8.6M security bid in CMC Markets class action
CMC Markets wants a class action to fork over $8.6 million more in security after substantially amending its case, which alleges the financial services firm issued complex, risky derivatives that were not appropriate for retail investors.
Insurance
QBE admits misleading customers in ASIC case over policy discounts
Insurer QBE has admitted liability in ASIC’s case alleging it made empty promises to over half a million customers on policy discounts, but a dispute over the size of the penalty remains.
Class Actions
Class action filed over alleged abuse at Parkville youth detention centre
Youth detainees in a Melbourne correction facility were encouraged to “bash” other detainees in exchange for cigarettes, drugs, and alcohol, according to a new class action launched against the state of Victoria.
Construction
Preventing Halo Tower DOCA will cost $100M and imperil Cbus sale, court told
Preventing a DOCA for the Milligan-owned developer of the troubled $1.8 billion Halo Tower skyscraper in Sydney could cause $100 million in losses and jeopardise a sale to Cbus set to settle in July, a court has heard.
Class Actions
James Hardie hit with class action over FY26 guidance downgrade
Building materials giant James Hardie faces a shareholder class action after its share price dropped 34 per cent on the back of a FY26 earnings guidance downgrade.
Defamation
Rebel Wilson can file evidence on conduct since release of ‘The Deb’
Actress Rebel Wilson has won court approval to file additional evidence about her conduct since the release of 'The Deb' in proceedings brought by production company AI Film.
Class Actions
Judge says Kmart class action so light on details he ‘couldn’t understand it’
An underpayments class action against Kmart on behalf of salaried managers will go back to the drawing board after a judge said the statement of claim was “bereft of detail”.
ASIC
Director of CHESS replacement firm assured ASX about timeline, court told
A judge overseeing ASIC’s case against the ASX over its CHESS replacement plan will allow remote evidence by the US-based director of a New York tech company, who allegedly gave the exchange an assurance about the project's timeline.
