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Corporate Travel Management, PwC facing class action investigation
Corporate Travel Management and PricewaterhouseCoopers may face a class action over financial misreporting after the travel management company said in April that it would reverse $220 million in revenue after a review found it had overcharged customers. 
Lawyers, funder to seek 75% of AMP’s $29M class action settlement
The lawyers and funder behind a settled class action against AMP will ask a court to OK fees and commission totalling almost $22 million, a bill that leaves just $7 million for group members but represents a $43 million loss on actual costs.
ASIC reveals 3 KPMG probes, 500 audit complaints against Big Four
The Australian Securities and Investments Commission is reviewing 551 audit-related complaints against KPMG, PwC, Deloitte and EY as part of surveillance triggered by the recent whistleblower scandal.
‘All profit, no responsibility’: Diversa grilled over First Guardian
Diversa has been grilled by a parliamentary committee for its refusal to admit failures over the now defunct First Guardian fund, as ASIC reveals it has launched two additional investigations against the super fund trustee.
ASIC remains ‘concerned’ about private credit market
As residential developer Bathla struggles to secure more funds to stay afloat, the Australian Securities and Investments Commissionr told a senate committee hearing it had been concerned about the private credit market for the past 24 months.
Glenmore Park class action drops stigmatisation claims
A class action against Mulpha over a 683-lot development in Glenmore Park will discontinue stigmatisation claims, with property damage claims still remaining, a court has heard. 
Ex-Demons chair sues Nine over defamation coverage
Former Melbourne Demons chair Glen Bartlett is suing Nine for defamation over its coverage of a settlement in separate defamation proceedings he brought against club president Kate Roffey.
Law professor fights dismissal recommendation over alleged student kiss
A Sydney-based law professor is challenging a university investigator's dismissal recommendation following allegations he kissed a student during a study tour in Paris.
Breast implants class action takes aim again at Allergan’s ‘state of the art’ defence
A class action against Allergan over recalled breast implants is trying again to strike out the US drug company’s defence that there was no known causal link between its implants and a type of cancer at the time of supply.
ING hit with $50M capital penalty by APRA over liquidity breaches
The Australian Prudential Regulation Authority has imposed a $50 million capital penalty and other licence conditions on ING Australia, after the bank breached minimum liquidity requirements over several years.