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ANZ says ASIC overreaching in case over ‘periodical payment’ fees
Financial Services 2019-10-15 9:17 pm By Miklos Bolza

ANZ has rejected allegations by the financial regulator that $35 million in fees charged to customers for periodical payments between accounts was unlawful, saying the […]

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State Street drops Fearless Girl trade mark case against super fund
Intellectual Property 2019-10-14 3:25 pm By Cat Fredenburgh

US asset management firm State Street has dropped its trade mark claims against a second superannuation fund over its iconic Fearless Girl statue, leaving law […]

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Big Four banks face ACCC probe over refusal to pass on home loan interest rate cuts
Competition & Consumer Protection 2019-10-14 12:02 pm By Amelia Birnie

The ACCC will immediately commence a wide-ranging homes loans inquiry at the direction of the Federal Government, including an investigation into the banking sector’s refusal […]

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High Court finds Connective Services broke the law with share transfer litigation
Appeals 2019-10-09 8:59 pm By Miklos Bolza

The High Court has shut down a lawsuit by mortgage aggregator Connective Services over the transfer of one third of the company’s shares after finding […]

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Examination proceedings brought against Linchpin Capital directors
Restructuring & Insolvency 2019-10-09 4:06 pm By Miklos Bolza

Three former directors of billion-dollar financial advisory firm Linchpin Capital Group will face two days of questioning in examination proceedings filed on behalf of an […]

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Ernst & Young strikes out with third party claims against failed LM Investment
Restructuring & Insolvency 2019-10-08 11:47 pm By Cat Fredenburgh

Ernst & Young, which is facing a lawsuit brought by the receiver of a managed investment fund overseen by failed financial services firm LM Investment […]

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ANZ to set aside additional $485M for post Hayne customer remediation
Financial Services 2019-10-08 11:08 pm By Cat Fredenburgh

ANZ has announced it will set aside an additional $485 million to remediate customers affected by its fees and interest calculations, just days after NAB […]

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Robocalls proposed in Radio Rentals settlement after class members crash Maurice Blackburn’s phone line
Class Actions 2019-10-08 9:04 pm By Miklos Bolza

After being flooded with phone calls by class members wanting a share of a recent $16.4 million settlement with Cash Converters, law firm Maurice Blackburn […]

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Court of Appeal tosses Quinn Emanuel challenge to AMP beauty parade loss
Appeals 2019-10-08 4:38 pm By Miklos Bolza

A challenge by Quinn Emanuel to a NSW Supreme Court decision staying its shareholder class action against AMP has been unanimously dismissed by the Court […]

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‘Fundamental misapprehensions’: Suncorp strikes back at class action over conflicted remuneration
Class Actions 2019-10-07 3:09 pm By Miklos Bolza

The Suncorp Group unit and directors at the centre of a class action over allegedly conflicted remuneration have slammed the case as “misconceived” and argue […]

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