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Westpac to face US class action over AUSTRAC scandal
A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.
Mazda to ACCC: We don’t have to replace dented, scratched up cars
Japanese car maker Mazda has replied to an ACCC action alleging it violated the Australian Consumer Law by failing to provide consumers with refunds or no-cost replacements for their allegedly faulty vehicles, saying it was not required to replace dented and scratched cars.
ISignthis may face shareholder class action over profit downgrade
Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
Thiel partner in Gawker takedown seeks $2M in new lawsuit
An Australian law graduate and businessman who convinced tech billionaire Peter Thiel to fund a defamation lawsuit that ultimately bankrupted famed US gossip blog Gawker has filed a lawsuit seeking $2 million from a former business partner.
ACCC probes price fixing in NSW waste sector
The Australian Competition and Consumer Commission has opened a sector-wide investigation into price changes made last year in the building and demolition waste services market in New South Wales.
Former director of internet company gets 6 years in jail for fraud
The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.
ASIC takes further action against company that ran ‘defective’ Sterling property investment scheme
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing 'defective' product disclosure statements.
Quinn Emanuel lures IP heavyweight from Allens
US litigation powerhouse Quinn Emanuel has lured a leading patent attorney from Allens to grow its Sydney office.
STA Travel makes admissions in ACCC case over hidden fees
The Australian Competition and Consumer Commission's case alleging STA Travel hit customers with $1 million in hidden fees and commissions through an add-on that purported to cover the cost of flight changes will go straight to a penalties hearing after the student travel agent made admissions.
Royal commission class actions keep rolling in, one year after Hayne report
A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.