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‘Fundamentally wrong’: Judge pans AMP’s payment to PwC for remediation review
Financial Services 2023-06-02 3:48 pm By Cindy Cameronne

It was “fundamentally wrong” that AMP paid consultant PricewaterhouseCoopers significantly more to review a court-ordered remediation than was paid to customers who suffered loss after […]

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‘Absurd and unworkable’: Lendlease pans ex-Greenwoods partner’s argument in tax dodge case
Employment 2023-05-22 9:16 pm By Cindy Cameronne

A sacked Greenwoods & Herbert Smith Freehills partner seeking $13 million in compensation from his former firm and Lendlease has been criticised for claiming that […]

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Court OKs walk-away settlement with former RCR Tomlinson directors
Class Actions 2023-04-05 11:40 pm By Cat Fredenburgh

A judge has approved a walk-away settlement with two former directors of RCR Tomlinson in a shareholder class action against the failed engineering company. NSW […]

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Full Court to decide scope of whistleblower laws in ex-Greenwoods partner’s $13M case
Employment 2023-03-22 11:42 pm By Cat Fredenburgh

A judge hearing a lawsuit by an ex-Greenwoods & Herbert Smith Freehills partner seeking $13 million in compensation from his former firm and Lendlease has […]

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CBA’s former boss Ian Narev grilled over internal audits 4 years before AUSTRAC action
Class Actions 2022-11-14 10:02 pm By Christine Caulfield

The former chief executive of Commonwealth Bank has told a court internal auditors raised issues with CBA’s anti-money laundering and counter-terrorism financing compliance four years […]

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Class action can’t get its hands on AMP, Clayton Utz emails
Class Actions 2022-11-09 9:24 pm By Sam Matthews

A judge overseeing a class action over AMPā€™s fees for no service practice has dismissed the applicantā€™s bid to access communications between AMP and law […]

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GetSwift class action applicant must ‘bite the bullet’, judge says
Class Actions 2022-11-04 5:15 pm By Sam Matthews

A judge overseeing a shareholder class action against the now failed GetSwift has urged the applicant to decide soon if he will forge ahead with […]

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$27M penalty for ‘extensive and systematic’ failures by CBA units
Financial Services 2022-10-25 11:03 pm By Sam Matthews

Commonwealth Bank units CommSec and Australian Investments Exchange have been ordered to pay more than $27 million for ā€œserious and unacceptableā€ system failures that led […]

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AMP grilled over possible breach of court orders in insurance churn case
Financial Services 2022-10-19 11:26 pm By Cindy Cameronne

A judge has questioned AMP Financial Planning over whether it breached court orders to compensate customers after finding the firm failed to prevent a now […]

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Class action wants AMP, Clayton Utz emails over controversial fees for no service report
Financial Services 2022-10-12 2:57 pm By Sam Matthews

A class action over AMP’s fees for no service practice wants communications with law firm Clayton Utz that led up to a report that allegedly […]

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