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Two senior Johns Lyng Group executives have been dragged into a dispute over the $75 million sale of Nike franchisee Retail Prodigy Group.
Packing giant Pact Group, owned by billionaire Raphael Geminder, has won its bid to have two barristers cross-examine an expert for logistics and supply chain company TIC Group when their dispute over a $30 million earn out payment goes to trial in December.
A judge has dismissed applications by mortgage broker Lendi Group and insurer ALI Group to declass a group proceeding over allegedly worthless mortgage insurance, saying it would be more efficient for the claims to advance as a class action.
HSBC has hit back at ASIC's claims that it failed to protect customers from scams, denying it breached its legislative duties despite admitting some of the regulator’s allegations concerning its compliance with the ePayments code, a voluntary code of conduct.
ASIC has expanded its case alleging HSBC failed to protect customers from scams, revealing a compliance manager at the bank had found that teams tasked with monitoring unauthorised transactions “had no understanding” of the liability provisions in the ePayments Code.
Mortgage broker Lendi Group and insurer ALI Group want to declass a junk insurance class action, telling a judge that even in a successful scenario, the more than 13,000 group members will be left to share only $2.5 million.
Toyota has hit back at claims against its newly joined Japanese parent company in a class action over alleged emission cheat devices, saying the bulk of the claims are statute barred.
A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop's case alleging the bank failed to protect customers from scams.
A class action against Toyota can serve the car maker's Japanese parent company, in hopes of obtaining technical information about devices it claims were installed in vehicles to cheat emissions tests.
British banking giant HSBC could face a new claim in ASIC proceedings alleging it failed to adequately protect customers from scams, a court has heard.