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Shareholder appeals judge’s refusal to freeze AMP class action
Class Actions 2020-05-11 6:29 pm By Miklos Bolza

A NSW Supreme Court decision refusing to put a Maurice Blackburn-led shareholder class action against AMP on ice pending a High Court challenge has been […]

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AMP accused of poaching 11 employees from wealth management software company
Employment 2020-05-11 4:16 pm By Miklos Bolza

A software company is suing a subsidiary of AMP for breach of contract after the financial services firm allegedly induced 11 employees to jump ship […]

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High Court’s scrapping of Chorley exception doesn’t extend to inhouse lawyers, judge rules
Financial Services 2020-05-11 12:36 pm By Miklos Bolza

The High Court’s abolition of the so-called Chorley exception does not apply to a party’s in-house counsel, which is still permitted to seek its own […]

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Judge OKs $49.5M settlement in NAB class action
Financial Services 2020-05-08 6:29 pm By Alison Eveleigh

A judge has signed off on a $49.5 million settlement in a class action against National Australia Bank over ‘junk insurance’, including millions in fees […]

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Court won’t freeze AMP class action amid High Court appeal
Appeals 2020-05-08 5:31 pm By Miklos Bolza

A judge has declined to put a Maurice Blackburn-led class action against AMP on hold while the High Court decides whether to overturn a ruling […]

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Pershing pleads guilty to mishandling client funds in first criminal case of its kind
White Collar 2020-05-07 12:05 pm By Christine Caulfield

The Australian arm of global financial solutions provider Pershing faces sentencing after pleading guilty to criminal offences of mishandling client funds. Pershing Securities Australia, which […]

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Ex-AMP lawyer ‘disparaged’ GC to Big Six partner, court told 
Employment 2020-04-30 2:09 pm By Miklos Bolza

The identity of a Big Six partner to whom a former AMP lawyer allegedly criticised her superior has been revealed in court during a heated […]

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ISignthis can’t keep lid on ‘damaging’ ASX findings
Financial Services 2020-04-30 12:00 pm By Cat Fredenburgh

ISignthis has come up short in its courtroom bid to block publication of the Australian Stock Exchange’s “damaging” reasons for suspending its shares. The fintech […]

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ASIC actions lead to jump in criminal charges, millions in fines
ASIC 2020-04-29 9:27 pm By Christine Caulfield

Investigations by ASIC led to prosecutors laying 279 criminal charges in the last six months of 2019, an increase of 300 percent on the previous […]

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Profits a big motivator for big four banks in refusing to pass on interest rate cuts, ACCC says
Competition & Consumer Protection 2020-04-27 9:35 pm By Christine Caulfield

The Big Four banks were trying to shore up their profits when they refused to pass on home loan interest rate cuts to consumers in […]

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