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Banks fork over $1.86B to repay customers for bad behaviour
Six of Australia's biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees for no service or were given bad advice.
Two years is too long, says judge in Willis Towers Watson restraint of trade dispute
Financial services giant Willis Towers Watson ordered a former executive to lie to clients on his way out of the organisation and imposed an "unreasonable" two-year employment restraint, a NSW Supreme Court has found.
Crown chair, CEO to step down as royal commissioner considers new casino operator
Crown Resorts chair Helen Coonan and the CEO of Crown Melbourne will step down at the end of this month, the latest heads to roll as the casino operator attempts to persuade Royal Commissioner Ray Finkelstein QC that it should keep its Victorian licence.
Macarthur-Onslow family feud over ‘undervalued’ Lendlease land shut down by court
A court has shut down the latest legal spat between the children of one of Australia's richest families, finding a lawsuit over a $200 million real estate transaction was not brought in good faith and that running the case was not in the best interests of the company involved in the deal.
PwC says ATO should stick to plan at upcoming privilege hearing
PricewaterhouseCoopers has objected to swathes of evidence from the Commissioner of Taxation being included in an upcoming trial over privilege, claiming the material oversteps a process put in place by the court to only examine a small sample of documents.
Rex hires Clayton Utz as it weighs legal options against Qantas
Regional Express has engaged Big Six firm Clayton Utz to investigate potential court action against rival airline Qantas for alleged anticompetitive conduct.
Funder seeks to recoup $14.8M debt in lawsuit against Sydney developer
A litigation funder is suing a Sydney property developer over a $14.8 million debt stemming from a cause of action it acquired from the liquidators of the collapsed project manager behind the firm's real estate projects.
‘Overworked’ reporter hit with $18,000 pay cut sues the ABC
An ABC feature reporter who was hit with an $18,000 pay cut and who allegedly developed a medical condition from being "overworked" is suing the national broadcaster for discrimination and breaches of employment law.
Prospect of longer COVID-19 lockdown stalls Ben Roberts-Smith trial
Trial in war veteran Ben Roberts-Smith's defamation case over articles accusing him of war crimes has been adjourned until November in light of the current COVID-19 lockdown in Sydney, which a judge noted could be extended beyond the month of August.
ASIC wins bad advice case against IOOF unit RI Advice
The Australian Securities and Investments Commission has won its case against IOOF unit RI Advice, with a judge finding the financial services firm failed to ensure its advisers acted in the best interests of clients and did not give inappropriate advice.