The corporate regulator is taking five AMP entities to court alleging they acted unconscionably by continuing to charge life insurance premiums and advice fees to more than 2,000 customers after they were notified of their death.
King & Wood Mallesons has come under fire over partner Scott Farrell’s role as head of a Treasury review into the Australian payments system, with a Sydney fintech claiming the law firm appears to have a conflict of interest.
A judge has pressed a barrister on why he’s representing a former manager from non-bank lender Liberty Financial in proceedings seeking to bar him from jumping ship to startup ORDE Financial in addition to representing ORDE and its parent company, calling it an “unusual” arrangement.
Grant Thornton has won approval to a bring a cross-claim against Forge Group, just three months ahead of trial in the collapsed engineering company’s case against the accounting firm and ten former directors for their alleged negligence in relation to its “uneconomic” purchase of CTEC in 2012.
Ernst & Young has delayed in filing its evidence in a lawsuit by Sydney-based investment firm London City Equities over its auditing of collapsed soda ash maker Penrice after hiring Holding Redlich to replace Allens just a few months before a mediation deadline.
Commercial and class action firm Banton Group is investigating a shareholder class action against embattled technology company Nuix in relation to its pre-IPO disclosures which could also ensnare shareholder Macquarie and its executives, auditor PricewaterhouseCoopers and the joint lead managers on its float.
Phi Finney McDonald is investigating a class action against technology company Nuix over its $2.5 billion float, following troubling reports about the Macquarie-backed company’s pre-IPO corporate governance and financial reporting.
A former Westpac banking veteran and whistleblower has sued the Big Four bank, claiming she was dismissed in retaliation for complaints filed about the bank’s risk and compliance failings.
Westpac has argued that ASIC should flesh out its case accusing the banking giant of insider trading before the $16 billion privatisation of electricity provider Ausgrid, saying the regulator has not explained the nature of the alleged inside information.
The cash-strapped litigation funder that initially agreed to bankroll a class action against Westpac over life insurance premiums will not earn a cent in commission under a proposed $30 million settlement.