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The Full Federal Court has tossed Latitude Finance and Harvey Norman's appeal of a ruling that found the retailer's ads touting 'interest free' payment methods were misleading.
Open4Sale Global's directors have been penalised $2.6 million for breaching disclosure laws in raising money from investors, who were labelled "a bunch of idiots" by the company's boss.
French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.
Mastercard has lost its claim for legal professional privilege over communications between its chief financial officer in Singapore and in-house counsel about merchant agreements the ACCC alleges were anti-competitive.
Following the failure of two class actions to prove market-based loss from the Commonwealth Bank’s disclosure breaches, the bank is fighting the class actions' bid to pursue individual ‘no transaction’ cases, saying they were “trying to keep something alive that is truly dead”.
A judge has signed off on Westpac's $130 million settlement in a class action over flexible commissions paid to car dealers, bringing to an end three cases brought by Maurice Blackburn against lenders.
The corporate cop has cancelled the financial services licence of MWL Financial and banned its director for 10 years for allegedly directing more than 750 clients to invest a combined $155 million into Keystone's failed Shield Master Fund.
Insurers Bond & Credit Company and Tokio Marine can't eyeball advice given by Ashurst to lender White Oak in a dispute over the collapse of supply chain finance company Greensill.
Westpac’s defunct mortgage unit RAMS has accused a class action by former franchisees of attempting to “hijack” civil penalty proceedings by the corporate regulator by seeking to intervene in the case.
IC Markets is fighting a class action's bid for “highly private and confidential” information about possible group members to craft personalised opt-out notices, arguing the information would be safer in the hands of a third-party mailing house than a plaintiff firm given increasing cyberattack risks.