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Mastercard argued Wednesday it relied on legal advice in drafting alleged anti-competitive deals with major retailers, as the judge questioned the reliability of some witnesses for the payments giant, who recalled "virtually nothing".
Insurers Marsh Limited and Insurance Australia Limited are seeking production of two reports by Deloitte commissioned by a Swiss law firm in litigation over the collapse of supply chain finance company Greensill Capital.
Melbourne stockbroker Fortrend Securities has lost its bid to stay orders that it pay $621,000 in compensation and penalties as well as $2 million in legal costs after two financial advisers who jumped ship to Shaw & Partners won their case over withheld bonuses.
A former EY partner has lost his appeal in a fight with National Tiles over an alleged $1 million lost opportunity to acquire shares, despite the court finding the tiling retailer breached the cooperation terms of the agreement.
Insurance Australia Limited has settled $4 billion action brought by Germany's Greensill Bank and its administrator ahead of a six-month trial against the insurer and others over the failure of the trade financier.
KPMG CEO Andrew Yates has stepped down over his handling of a senior executive's reports of misuse of confidential client information, as the firm hires Big Six firm Allens to investigate the whistleblower's claims.
A senator has slammed companies for abusing legal professional privilege, after hearing that KPMG has refused to hand over documents in an ASIC investigation into misuse of client information by KPMG auditors.
ASIC is investigating Corporate Travel Management and its auditor PwC, after the travel management company said it would reverse $220 million in revenue after a review found it had overcharged customers.
Auditor BDO has asked the court to stay ASX-listed software company Dubber’s negligence suit over $26.6 million in alleged missing funds while a parallel case by ASIC over alleged false and misleading financial reports is on foot.
ANZ's New Zealand unit is appealing its loss in a class action alleging it failed to repay fees and interest wrongly charged to customers who took out home or personal loans.