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Fight brewing over $8.6M security bid in CMC Markets class action
CMC Markets wants a class action to fork over $8.6 million more in security after substantially amending its case, which alleges the financial services firm issued complex, risky derivatives that were not appropriate for retail investors.
QBE admits misleading customers in ASIC case over policy discounts
Insurer QBE has admitted liability in ASIC’s case alleging it made empty promises to over half a million customers on policy discounts, but a dispute over the size of the penalty remains.
Rebel Wilson can file evidence on conduct since release of ‘The Deb’
Actress Rebel Wilson has won court approval to file additional evidence about her conduct since the release of 'The Deb' in proceedings brought by production company AI Film.
Judge says Kmart class action so light on details he ‘couldn’t understand it’
An underpayments class action against Kmart on behalf of salaried managers will go back to the drawing board after a judge said the statement of claim was “bereft of detail”.
ASIC launches formal investigation into KPMG as scandal deepens
ASIC has told a senate estimates committee that it is now formally investigating KPMG in the wake of allegations the firm misused client data. 
Director of CHESS replacement firm assured ASX about timeline, court told
A judge overseeing ASIC’s case against the ASX over its CHESS replacement plan will allow remote evidence by the US-based director of a New York tech company, who allegedly gave the exchange an assurance about the project's timeline.
Construction PRO
Clive Palmer’s resort company pleads guilty to takeover law breaches
Clive Palmer's resort company Palmer Leisure Coolum has entered a guilty plea to one count of breaching takeover law arising from the proposed acquisition of The President’s Club.
‘Unsatisfactory’: Judge not impressed by Mastercard’s witnesses at trial
The trial judge in enforcement action against Mastercard had harsh words Thursday about the company's witnesses, including a top executive whose testimony he said was "most unsatisfactory and unimpressive".
Optus class action can intervene in ACMA, OAIC proceedings
A class action against Optus over a 2022 data breach that affected 10 million customers has won leave to intervene in parallel cases by the media authority and information commissioner.
Keystone director must hand over books, bank statements
Former Keystone Asset Management director Paul Chiodo has been ordered to produce books in his possession as well as bank account statements of family members, as he defends himself in a case over alleged misappropriated money.