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Latitude Finance has been hit with a $3.96 million penalty for sending more than 2.3 million marketing messages that ran afoul of spam laws, the latest legal headache for the country's largest non-bank lender.
Mastercard has hit back at the ACCC’s claims that it sought to prevent competition with EFTPOS through strategic agreements with large retailers, saying the deals were struck for “benign and pro-competitive” reasons.
Bentleys Wealth is suing a former director and his companies alleging he poached clients after leaving the firm, in breach of his employment agreement and various duties.
Mastercard made ‘strategic’ agreements with large retailers like Coles and David Jones to keep them from routing through EFTPOS, offering discounted exchange rates that left smaller businesses footing the bill, the ACCC told the court on the first day of trial.
ASIC is not letting up in its pursuit of financial advisors that spruiked the Shield Master Fund and First Guardian Master Fund, banning two more advisors on top of the seven bans it has already imposed.
A judge has rejected a bid by Toyota's finance arm to require group members in two class actions to register ahead of mediation to participate in any settlement arising from mediation in the cases.
Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.
A judge has asked for more information on why he should approve $43.1 million in legal fees in a class action against AMP that settled for $120 million, calling the amount "extraordinary" and "troubling".
A Melbourne adviser is the latest person linked to MWL Financial to be banned for spruiking Keystone Asset Management's failed Shield fund to clients.
A judge has said he will not be able to decide all the suppression applications in the ACCC’s misuse of market power case against Mastercard ahead of trial, saying the court was facing an “unreasonable, if not oppressive” burden.