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WA biotech hit with $1.8M penalty for misleading market during pandemic
ASIC 2024-03-20 3:49 pm By Sam Matthews

A judge has ordered Western Australian biotech Holista Colltech to pay a penalty of $1.8 million for making misleading representations to the market about sales […]

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ASIC can’t undo stay of disciplinary case against iSignthis auditor
Appeals 2024-01-08 11:59 pm By Cindy Cameronne

The Australian Securities and Investments Commission has lost its bid to pursue a disciplinary case against former Grant Thornton director Bradley Taylor over his 2018 […]

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Rival law firms will cooperate on Qantas class action after judge says both ‘at fault’
Class Actions 2023-12-18 11:54 pm By Cindy Cameronne

Two law firms running competing class actions against Qantas over flight cancellations during the COVID-19 pandemic have agreed to cooperate after a judge took them […]

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Honda cops $6M penalty for misleading customers about dealerships
Competition & Consumer Protection 2023-12-15 10:22 pm By Cat Fredenburgh

Honda Australia has been hit with a $6 million penalty for misleading communications made to customers of three dealerships during a restructuring in which the […]

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ASIC loses case against super trustee Diversa over banned advisor
Financial Services 2023-10-24 10:27 am By Sam Matthews

A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, […]

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Competing Qantas class action on the cards, court urges firms to avoid fight
Competition & Consumer Protection 2023-10-12 10:59 am By Cindy Cameronne

A second law firm is likely to throw its hat in the ring to run a competing class action against Qantas over flight cancellations in […]

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ANZ cops $15M penalty in ASIC case over cash advance fees
Financial Services 2023-09-26 10:27 am By Cindy Cameronne

A judge has ordered ANZ to pay a $15 million agreed penalty in a case over more than $10 million in cash advance fees charged […]

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Judge approves $6.88M CFO in $25M Fonterra class action settlement
Class Actions 2023-09-21 11:56 pm By Cat Fredenburgh

A judge has approved a common fund order awarding $6.88 million to the funder behind a class action against Fonterra that settled for $25 million, […]

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Judge OKs $50M settlement, $2.5M Deloitte fee in CBA class action
Class Actions 2023-09-15 10:45 pm By Sam Matthews

A judge has approved a $50 million settlement in a class action against the Commonwealth Bank over allegedly worthless consumer credit insurance after his concerns […]

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ACCC calls for $10M penalty against Honda for misleading customers
Competition & Consumer Protection 2023-09-05 11:37 pm By Sam Matthews

The consumer regulator has asked a judge to impose penalties of almost $10 million  against Honda Australia for misleading the customers of two former authorised […]

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