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Reinventure settles lawsuit by ex-partner seeking cut of $100M
Employment 2021-02-10 10:38 pm By Cat Fredenburgh

Westpac-backed venture capital firm Reinventure Group has settled a lawsuit brought by a former partner claiming she was entitled to a cut of a $100 […]

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Westpac fires back in class action, says car loan borrowers could have shopped around
Financial Services 2021-02-09 4:26 pm By Spencer Fowler Steen

Westpac has hit back at a class action accusing it of colluding with car dealers on a “shonky” car loan scheme that allowed them to […]

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High Court rejects Westpac’s ‘gloss’ on financial product advice statute
High Court 2021-02-03 10:51 am By Christine Caulfield

The High Court has dismissed an appeal by Westpac challenging a ruling that found the bank breached its duties to customers by providing personal financial […]

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High Court set to deliver judgment in Westpac’s appeal of personal advice ruling
High Court 2021-01-29 3:49 pm By Miklos Bolza

The High Court will hand down its ruling Wednesday in a high-stakes case between ASIC and Westpac that is expected to clarify the line between […]

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AUSTRAC’s record $1.3B penalty for Westpac’s money laundering breaches wins court OK
AUSTRAC 2020-10-21 2:50 pm By Christine Caulfield

A judge has given the greenlight to AUSTRAC’s $1.3 billion penalty against Westpac over the bank’s 23 million breaches of money laundering and counter-terrorism laws, […]

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‘Solicitors love them’: Judge rails against discovery ‘tsunami’ in class actions
Class Actions 2020-10-15 11:47 am By Miklos Bolza

The judge overseeing a class action against Westpac over superannuation fees has criticised costly discovery processes that produce a “tsunami of material”, most of which […]

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Judge says video would be ‘inappropriate’ in Westpac class action opt out notice
Class Actions 2020-09-30 4:15 pm By Christine Caulfield

A judge has scrapped a proposed video link sought by Slater and Gordon to be included in an opt out notice to group members in […]

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Government rolls back responsible lending laws at centre of failed Westpac case
Financial Services 2020-09-25 1:15 pm By Cat Fredenburgh

The Morrison Government will ease responsible lending laws requiring banks to verify information from credit-seeking consumers, after the corporate regulator’s failed “wagyu and shiraz” case […]

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Westpac to pay record $1.3B penalty in AUSTRAC action
Financial Services 2020-09-24 9:44 am By Christine Caulfield

Westpac has agreed to pay a whopping $1.3 billion civil penalty to resolve AUSTRAC enforcement action over the bank’s 23 million breaches of money laundering […]

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Law firm drops responsible lending class action against Westpac after ASIC calls it a day
Exclusive 2020-08-31 1:48 pm By Christine Caulfield

Maurice Blackburn is abandoning its class action against Westpac over the bank’s alleged responsible lending law breaches, weeks after ASIC lost its appeal in the […]

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