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Independence of Clayton Utz report questioned at Royal Commission
Clayton Utz 2018-04-17 11:11 am By Christine Caulfield

The independence of a report by law firm Clayton Utz to ASIC over AMP’s practice of charging customers for services not performed was called into […]

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Commonwealth Bank to pay $3 million over fees for no service
Financial Services 2018-04-16 9:51 pm By Cat Fredenburgh

Two Commonwealth Bank subsidiaries have entered an agreement with ASIC to pay $3 million for failing to provide annual reviews to customers that paid for […]

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Quinn Emanuel looking at class action against insurer JLT
Class Actions 2018-04-16 3:32 pm By Cat Fredenburgh

Global insurer Jardine Lloyd Thompson could be hit with a class action over allegations that local councils across Australia paid excessive premiums for its advice. […]

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At S&P class action trial, city treasurer accused of being ‘careless’
Class Actions 2018-04-14 1:38 pm By Christine Caulfield

A former treasurer for Coffs Harbour City Council was “careless” for not analysing the financial products he invested millions of dollars of the city’s funds […]

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Judge criticizes class action cost consultants again
Shine Lawyers 2018-04-06 11:42 pm By Cat Fredenburgh

Federal Court Justice Michael Lee has again weighed in on the use of cost consultants to assess legal fees in class actions, saying that they […]

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ANZ to pay $3M after ASIC probe
Financial Services 2018-04-06 10:07 pm By Christine Caulfield

Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to […]

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ACCC’s Sims compares big four banks to synchronised swimming
Financial Services 2018-04-05 10:00 pm By Cat Fredenburgh

The head of the Australian Competition and Consumer Commission said Thursday that when it comes to mortgage prices, the behaviour of Australia’s big four banks […]

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Blue Sky calls on ASIC to investigate hedge fund
Securities 2018-04-04 9:51 pm By Cat Fredenburgh

Blue Sky Alternative Investments has asked Australia’s corporate watchdog to investigate US hedge fund Glaucus for market manipulation, after a scathing report by the fund […]

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Judge slams class action fee assessors
Class Actions 2018-04-03 11:52 pm By Cat Fredenburgh

A Federal Court judge has questioned the independence of for-hire fee assessors in class actions, calling their opinions on legal costs “next to useless”. In […]

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Gadens weighs class action against fund manager Blue Sky
Class Actions 2018-03-29 9:08 pm By Cat Fredenburgh

Blue Sky Alternative Investments could be facing a class action after a report by a U.S. hedge fund that found the Australian fund manager had […]

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