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Funder’s ‘very large’ cut from $100M AMP class action settlement warrants contradictor: court
Class Actions 2024-04-24 2:44 pm By Cindy Cameronne

A judge has appointed a contradictor for an upcoming settlement approval hearing in a class action by financial advisers against AMP over its buyer of […]

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Judge warns wealth guru Dominique Grubisa to look ‘elsewhere’ in bid to stay ACCC case
Competition & Consumer Protection 2024-04-23 12:51 pm By Cindy Cameronne

Sydney lawyer and wealth guru Dominique Grubisa is challenging a finding in an ACCC case that her seminars made misleading statements and has sought to […]

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UniSuper accused of greenwashing over Transurban investment
Greenwashing 2024-04-23 10:37 pm By Cindy Cameronne

The Environmental Defenders Office has lodged a complaint with ASIC on behalf of a member of UniSuper, accusing the Australian superannuation fund of greenwashing its […]

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Macquarie Bank hit with $10M penalty over financial adviser’s theft
Financial Services 2024-04-19 3:10 pm By Cindy Cameronne

 Macquarie Bank has agreed to pay a $10 million fine in proceedings brought ASIC after the bank admitted that it failed to monitor third-party withdrawals, […]

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Judge OKs $16M Dixon Advisory class action settlement, awards competing funder a sliver
Class Actions 2024-04-18 3:14 pm By Cindy Cameronne

A judge has signed off on a $16 million settlement in a class action against Dixon Advisory, but the funder of a competing case that […]

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FWC rejects WFH request, says Bendigo Bank worker ‘only concerned about himself’
Employment 2024-04-17 11:00 pm By Andy Sidler

The Fair Work Commission has ordered a Bendigo Bank worker to come into the office two days a week, saying he was “only concerned about […]

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Stockbroker ordered to pay $1M in ASIC market-rigging case
Securities 2024-04-17 11:24 pm By Christine Caulfield

Sydney stockbroker Adam Blumenthal has been ordered to pay close to $1 million after admitting to market rigging and breaching his duties as director of […]

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Court blesses Halifax liquidators’ settlement with King & Wood Mallesons
Restructuring & Insolvency 2024-04-15 11:10 pm By Cat Fredenburgh

The liquidators for Halifax Investment Services were justified in reaching a compromise settlement in proceedings against King & Wood Mallesons alleging the firm and former […]

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GEMI Capital may face class action by wealthy Sydney investors
Class Actions 2024-04-12 11:00 pm By Andy Sidler

Sydney lender GEMI may face a class action for allegedly enticing wealthy individuals to make investments in products they were misled into believing were low […]

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ASIC wins case against payday lender Sunshine Loans over ‘wrongheaded’ fees
Financial Services 2024-04-12 11:08 pm By Sam Matthews

In a win for the Australian Securities and Investments Commission, a judge has found that payday lender Sunshine Loans charged thousands of customers prohibited fees, […]

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