Accounting firm Pitcher Partners has hit back at a lawsuit by the former owner of fitness franchise Zap Fitness claiming the firm failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.
Three of the Big Four banks have agreed to pay a total of $126 million to settle class actions on behalf of up to one million customers who were sold consumer credit insurance.
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 before AUSTRAC took action that saw the bank’s share price plummet.
Medibank is facing another class action investigation over a massive data breach that left the personal information of almost 10 million customers exposed, just days after criminals began publishing sensitive customer health data.
The Commonwealth Bank of Australia and unit CommSec have reached an agreement with the Fair Work Ombudsman on liability in enforcement action alleging they knowingly underpaid almost 7,500 employees over $16.4 million.
A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania can’t add new claims against the accounting firm three months out from trial.
The High Court has granted special leave to Irish insurer Zurich to challenge a decision allowing a class action over an allegedly defective New Zealand apartment block to proceed in the NSW Supreme Court.
A judge has hit Optus, Telstra, and TPG with a total of $33.5 million in penalties for misleading thousands of NBN customers into paying for internet speeds that could not be achieved.
The High Court has rejected a special leave application by underworld figure Mick Gatto seeking to revive defamation claims against the ABC over an article which he said accused him of threatening to kill gangland lawyer Nicola Gobbo.
Telstra has agreed to pay a $15 million penalty for misleading thousands of NBN customers about internet plan speeds, a sum which will bring the telco’s bill for consumer law violations since 2018 up to $75 million, if approved.