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Deloitte defends partner who took audit files at centre of class action
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.
AUSTRAC case against Westpac speeds towards penalty hearing
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.
Domino’s slammed by judge for ‘ridiculous’ redactions in class action docs
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.
JPMorgan witness disputed existence of ANZ cartel ‘agreement’ court hears
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.
$42M Murray Goulburn settlement wins approval, but fight over funder’s cut still on
Two months after rejecting the deal because the litigation funder's cut appeared excessive, a judge has approved a $42 million class action settlement with Murray Goulburn while the funder keeps up the fight over its commission.
Group members to get $100 or less under $1.5M ANZ class action settlement
A judge has given the green light to a $1.5 million settlement in a long-running class action against ANZ alleging it slapped customers with illegal fees, with group members expected to get no more than $100 and potentially walking away with "substantially less" than this.
‘Reasonable chance’ of settlement in Dick Smith class actions
There is a "reasonable chance" that two shareholder class actions against failed electronics retailer Dick Smith will settle by February of next year, group members have learned.
JPMorgan witnesses grilled as banks seek to poke holes in ANZ cartel case
Two key witnesses from JPMorgan have been grilled by lawyers for three major investments banks named in a high-stakes criminal cartel case as the banks seek to cast doubt on how the ACCC gathered evidence during its almost two-year cartel investigation.
Coles to pay $5.25M to Norco dairy farmers after ACCC investigation
Coles has agreed to pay about $5.25 million to dairy co-operative Norco after an investigation by the Australian Competition and Consumer Commission found the supermarket giant failed to pass on the full price rise it charged consumers for Coles-branded fresh milk as it promised to do.
AMP group exec says bullying claims by former GC were news to her
AMP's group executive says she was never told of bullying claims made against her by former general counsel Larissa Cook until the lawyer filed a $2.7 million lawsuit alleging "hostile, aggressive and intimidating behaviour" in response to complaints she made about AMP's fees for no service conduct.