Most Recent
Mercedes-Benz denies defeat device claims, says engine features for safety
Mercedes-Benz has hit back at a class action over alleged emissions cheating, denying its cars were fitted with defeat devices and arguing any engine features found to act as such devices were needed for safety.
‘Confusing’ group definition struck out in Mercedes-Benz class action
A judge has struck out a circular and confusing group definition in an emissions cheat class action against Mercedes-Benz, but has given the class action the chance to replead.
Munich Re can bring fresh claims in $700M case against AMP
Munich Reinsurance has been given the OK to bring additional claims in its $696 million lawsuit, which accuses AMP of misleading or deceptive conduct over a quota share agreement.
High Court KOs Repipe’s fight over patents for computer-implemented tech
The High Court has rejected plumbing company Repipe's application to hear its case centred on the question of patent eligibility for computer-implemented inventions, saying the case was not an appropriate vehicle for special leave.
Judge signs off on $1.5M penalty against Westpac for unsolicited insurance
A judge has hit Westpac with a $1.5 million penalty for misleading 141 customers into believing they had purchased add-on insurance.
Westpac agrees to pay $1.5M to settle ASIC case over unsolicited insurance
Westpac has agreed to pay $1.5 million to settle proceedings brought by ASIC for misleading 141 customers into believing they had purchased add-on insurance.
Westpac cops $10M fine in personal advice case, but doesn’t say sorry
Two Westpac units have been hit with $10.5 million in fines for providing personal financial advice during a superannuation rollover campaign, with a barrister for ASIC noting the bank had not apologised or expressed regret for the conduct.
Westpac attacks ASIC ‘junk’ insurance case, says customers agreed to take out cover
Westpac has shot back at a lawsuit brought by ASIC over the selling of alleged poor value insurance products, with the bank saying its customers had agreed to take out the "optional" coverage.
High Court rejects Westpac’s ‘gloss’ on financial product advice statute
The High Court has dismissed an appeal by Westpac challenging a ruling that found the bank breached its duties to customers by providing personal financial advice as part of a telephone campaign encouraging customers to roll over external superannuation accounts.
High Court set to deliver judgment in Westpac’s appeal of personal advice ruling
The High Court will hand down its ruling Wednesday in a high-stakes case between ASIC and Westpac that is expected to clarify the line between personal and general financial advice.