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Senior partner denies deliberate delay in trial over rejected $4.45M Westpac settlement
Legal Ethics August 20, 2019 8:45 pm By Miklos Bolza

A senior partner at a Sydney-based law firm has denied he made a “deliberate decision” to withhold advice from a former client suing for alleged […]

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AMP beefs up legal team for superannuation class action
Class Actions August 20, 2019 10:30 pm By Christine Caulfield

AMP has added two law firms to separately represent its subidiaries in one of two class actions alleging it charged its superannuation members excessive fees.

ASIC up to its ears in investigations post-royal commission
Financial Services August 19, 2019 12:56 pm By Miklos Bolza

The Australian Securities and Investigations is making up for lost time, ramping up its investigation and litigation efforts following a blistering critique by the banking […]

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Responsible lending class action against Westpac paused after ASIC loss
Class Actions August 16, 2019 10:10 pm By Christine Caulfield

After defeating the corporate regulator’s case alleging it breached responsible lending laws, banking giant Westpac has won a reprieve from lodging a defence in a […]

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Litigation must not descend into ‘staged trench warfare’, top judge tells ASIC, ANZ
Financial Services August 16, 2019 11:54 pm By Christine Caulfield

The Federal Court’s top judge has urged ASIC and ANZ to continue their “litigation good faith” in the corporate cop’s action over $35 million in […]

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Pitcher Partners ordered to hand over insurance docs in shareholder class actions
Class Actions August 14, 2019 8:24 pm By Miklos Bolza

Pitcher Partners has been ordered to hand over information about its professional indemnity insurance in two shareholder class actions over its role as Slater & […]

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Barclays, other banks in forex cartel class action must produce US case docs
Competition & Consumer Protection August 15, 2019 3:36 pm By Christine Caulfield

A judge has ordered a group of banks facing a competition class action over alleged foreign exchange rate-rigging to hand over documents they produced as […]

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Funder wants 25% of recovery in class action over ‘illusory’ vehicle warranties
Class Actions August 14, 2019 9:23 pm By Christine Caulfield

The funder behind a class action against a unit of car leasing company McMillan Shakespeare for allegedly engaging in unfair tactics when selling car warranties […]

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APRA slaps Allianz with extra $250M capital requirement over risk management issues
Financial Services August 14, 2019 4:36 pm By Amelia Birnie

Insurance company Allianz Australia will need set aside an extra $250 million in capital until it strengthens its risk management, making it the fifth financial […]

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ICAP scolded for ‘interlocutory skirmishes’ in employee poaching spat
Employment August 14, 2019 3:57 pm By Miklos Bolza

A judge has criticised two units of global finance firm TP ICAP Group for “unnecessary and over technical interlocutory skirmishes” as they seek damages from […]

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