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ASIC will press on with its case against defunct lender Oak Capital alleging the company's business model was designed to avoid consumer protections under the National Credit Code.
Vanguard Investments has been ordered to pay a penalty of almost $13 million for misleading the public about its $1 billion “ethically conscious” hedge fund.
The Australian Securities and Investments Commission has won its first civil penalty proceeding in a greenwashing case, with a court finding against Vanguard Investments over its $1 billion “ethically conscious” hedge fund.
The principal of a law firm running a class action against retirement home provider Aveo Group has agreed not to drop in on residents without giving the company notice.
A judge has declined to approve an amended opt-out notice featuring a video from a silk further explaining a "confusing" opt-out notice sent to group members in a class action against retirement home provider Aveo Group that has led to 400 opt-outs.
A judge has approved an opt-out notice in a class action against retirement home provider Aveo Group that advises of a proposed application for a controversial funding order that would put a lien on some group members homes.
The first ever amicus appointed in a fight over the wording of an opt out notice in a class action has told a court a proposed novel funding model in a case against retirement home provider Aveo Group could be a "nightmare scenario" for certain group members.