Most Recent
CBA hit with record $10M penalty for underpaying 7,400 employees
Employment 2024-02-15 11:14 pm By Cat Fredenburgh

Commonwealth Bank of Australia and subsidiary CommSec have been hit with $10.34 million in penalties — the highest ever imposed in enforcement action by the […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

CBA class action judge may weigh impact of two failed shareholder cases
Securities 2024-01-22 11:10 pm By Cindy Cameronne

Awaiting judgment in Federal Court class actions by shareholders over its money laundering risk disclosures, the Commonwealth Bank will ask the court to reopen the […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

‘The job is the job’: CBA sued by senior manager who complained of overwork
Employment 2024-01-11 10:57 pm By Sam Matthews

A former Commonwealth Bank manager alleging he was fired by the bank after raising concerns about being overworked says he was told “the job is […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

Lawyers the only ones to get paid in CBA class action settlement
CBA 2023-12-13 3:11 pm By Cat Fredenburgh

Group members will walk away with nothing under a settlement in a seven-year old class action against the Commonwealth Bank of Australia on behalf of […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

CBA reaches settlement in 7-year-old class action by borrowers
Class Actions 2023-11-24 2:43 pm By Cindy Cameronne

A protracted class action against the Commonwealth Bank of Australia brought by borrowers who claimed they were forced to default on their commercial loans has […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

End of the road for Arrium lenders’ case against directors
Financial Services 2023-11-20 11:21 pm By Cat Fredenburgh

The High Court has denied a bid for special leave by the Commonwealth Bank and other lenders to challenge a ruling that found two Arrium […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

Judge OKs $50M settlement, $2.5M Deloitte fee in CBA class action
Class Actions 2023-09-15 10:45 pm By Sam Matthews

A judge has approved a $50 million settlement in a class action against the Commonwealth Bank over allegedly worthless consumer credit insurance after his concerns […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

CBA deserves max penalty for $16.4M in underpayments, court told
Financial Services 2023-09-12 11:07 pm By Cindy Cameronne

CBA should pay a penalty of $12.8 million — close to the maximum penalty the court can impose on the bank — for underpaying its […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

CBA to backpay staff $3M to settle rest break lawsuit
Financial Services 2023-08-23 10:01 pm By Cat Fredenburgh

The Commonwealth Bank of Australia has agreed to backpay thousands of branch staff $3 million to settle a lawsuit alleging it failed to provide employees […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.

ASIC loses appeal in CBA conflicted remuneration case
Financial Services 2023-08-17 10:32 am By Cindy Cameronne

ASIC has lost its challenge to findings that a revenue sharing arrangement between the Commonwealth Bank of Australia and former subsidiary Colonial First State Investments […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Contact us to enquire about group subscriptions.