Most Recent
Class action probe claims $1B ‘wipeout’ from Keystone, Falcon funds
Class Actions 2025-07-24 11:25 pm By Sam Matthews

A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of “catastrophic” losses.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC loses appeal in crypto case against Finder
Cryptocurrency 2025-07-24 11:55 pm By Cindy Cameronne

The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Westpac can shield Allens docs in money laundering class action
Class Actions 2025-07-24 11:55 pm By Andy Sidler

Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘News to me’: Judge slams HSF partner’s claim that subpoenaing witness not good practice
Insurance 2025-07-22 11:42 pm By Andy Sidler

A judge has slammed a Herbert Smith Freehills Kramer partner’s submission that it is not good practice to subpoena witnesses in complex litigation — saying this was “news to [her]” — and rejected client AMP’s bid to have a key witness testify from an Airbnb.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC takes another company to court over cyber risk management
Privacy & Cybersecurity 2025-07-22 11:28 pm By Andy Sidler

The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ord Minnett settles exec’s suit over $110K pay cut following ASIC penalty
Employment 2025-07-22 11:39 pm By Cat Fredenburgh

Ord Minnett has resolved a suit by a former exec claiming he was sacked for complaining about a $110,000 pay cut imposed after ASIC slapped the wealth management firm with a $880,000 penalty for breaching market integrity rules.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC wins travel ban, citing possible $640M in Keystone, Falcon investor losses
ASIC 2025-07-17 11:36 pm By Cindy Cameronne

ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

KPMG hits back at Phoslock shareholder class action
Securities 2025-07-16 11:52 pm By Cindy Cameronne

Auditor KPMG has hit back at a shareholder class action over water treatment business Phoslock’s alleged accounting irregularities, saying it should be completely relieved from paying damages since it acted honestly. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC opposes late evidence in novel case over CFDs
ASIC 2025-07-16 11:59 pm By Cindy Cameronne

ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

BBY chairman Glenn Rosewall latest to face charges
White Collar 2025-07-15 11:14 pm By Christine Caulfield

The former chairman of BBY has been charged with aiding and abetting dishonest conduct while head of the board at the defunct stockbroking firm.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?