Most Recent
Judge won’t stop 7-Eleven from seeking class action releases from franchisees
7-Eleven 2019-12-12 1:31 pm By Christine Caulfield

A judge has shot down a bid by class action applicants to block 7-Eleven from seeking litigation releases from franchisees on contract renewal, saying there was no evidence the convenience store giant had acted unlawfully.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Lehman liquidator files $40M lawsuit against Fitch following class action discovery
Class Actions 2019-12-12 1:12 pm By Cat Fredenburgh

The Australian liquidator of Lehman Brothers has filed a lawsuit seeking $40 million from Fitch Ratings for assigning too-rosy ratings to toxic financial products sold by the bank, following the discovery of a hidden table in Fitch’s rating model by the lawyers leading a now-settled class action against the accounting firm.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

APRA puts conditions on CBA unit Avanteos after charging fees to dead clients
Financial Services 2019-12-11 11:16 pm By Christine Caulfield

CBA subsidiary Avanteos Investments Limited has been hit with extra conditions on its superannuation licence by the Australian Prudential Regulation Authority after it was revealed the investment management firm charged fees to thousands of deceased superannuation members.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Westpac asks High Court to hear personal advice case
Financial Services 2019-12-11 11:08 pm By Cat Fredenburgh

Westpac has filed a special leave application with the High Court seeking further clarity on the line between personal and general advice under financial services laws, after an appeals court handed ASIC a significant win in finding the bank violated its duty to act in its customers’ best interests during a superannuation rollover campaign.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Suncorp unit can force reversal of Coverforce acquisition, court says
Corporate 2019-12-10 9:52 pm By Christine Caulfield

The head of Australia’s largest unlisted insurance broker, Coverforce, may face a future damages claim for misleading or deceptive conduct if a recent acquisition of former Suncorp unit Resilium is not reversed, a court has found.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Banks want to grill ANZ cartel case witnesses on late evidence by ACCC
Competition & Consumer Protection 2019-12-10 6:58 pm By Miklos Bolza

The banks and executives facing criminal charges over alleged cartel conduct related to ANZ’s $2.5 billion share placement in 2015 will fight to widen their cross-examination of key ACCC witnesses after new information was brought to light in late submissions by the regulator.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Deloitte defends partner who took audit files at centre of class action
Class Actions 2019-12-09 11:57 pm By Christine Caulfield

Deloitte chairman Tom Imbresi has defended a move by a firm partner to make off with the audit file of collapsed construction company Hastie after a court ordered it be produced to the applicant in a class action against the accounting giant.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

AUSTRAC case against Westpac speeds towards penalty hearing
Financial Services 2019-12-09 9:44 pm By Miklos Bolza

AUSTRAC’s lawsuit against Westpac over 23 million alleged breaches of money laundering and counter-terrorism laws is racing towards a possible February penalty hearing, with the bank largely in agreement with the regulator on its liability.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Domino’s slammed by judge for ‘ridiculous’ redactions in class action docs
Franchises 2019-12-06 10:02 pm By Christine Caulfield

Pizza chain Domino’s has been blasted for redactions in documents it has produced in a class action over worker pay, with a judge warning the franchisor that it could not act as “judge and jury” in deciding what information could be given to the applicant.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

JPMorgan witness disputed existence of ANZ cartel ‘agreement’ court hears
Competition & Consumer Protection 2019-12-06 9:45 pm By Miklos Bolza

A key witness from JPMorgan previously contested claims by the ACCC that a key component of an alleged cartel arrangement between four major banks around a $2.5 billion institutional share placement by ANZ was actually an ‘agreement,’ as opposed to a series of independent decisions, a court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?