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Senior IOOF executive accused of sexually harassing employee at her wedding
A former portfolio manager of IOOF has sued the firm for discrimination and breaches of the Fair Work Act, alleging she was groped on the breasts by a high ranking senior executive on her wedding day.
Bank of Queensland manager unfairly dismissed for ‘careless’ mistake, FWC says
The Fair Work Commission has found a Bank of Queensland manager was unfairly dismissed despite making a "careless" mistake which led to a fraudster nabbing nearly $40,000 of a customer's money.
Macquarie’s ‘defective’ payment system should have rung alarm bells, judge says
Macquarie Bank has been ordered to fork out $330,000 to dozens of former advisers for a "defective and deficient" system which saw the bank fail to pay a raft of employment entitlements.
Tyro may face class action over EFTPOS terminal outage
Payments provider Tyro is facing the threat of a class action over a days-long EFTPOS terminal outage that has left many businesses unable to accept payments.
Security for costs not a matter of merits, CBA class action judge says
A fight over whether a class action applicant must fork over security for costs is not a matter of the strength of the case, says a judge presiding over a class action brought by superannuation holders against Commonwealth Bank of Australia and subsidiaries Colonial First State and Avanteos.
ANZ, OnePath targeted in new class action over super fees
Law firm Slater & Gordon has brought a class action against ANZ alleging former subsidiary OnePath Custodians breached its duties as a trustee of superannuation funds by slugging members with excessive fees to pay commissions to financial advisers.
Court scraps mediation in ASIC case as Mayfair fails to retain Ashurst
A judge has vacated a scheduled mediation in ASIC's misleading and deceptive conduct case against three companies in the beleaguered Mayfair Group after they failed to procure legal representation despite assurances that lawyers would be engaged promptly.
Cryptocurrency maker Ripple reaches settlement in PayID trade mark dispute
US cryptocurrency maker Ripple Labs has reached a settlement with the company behind the PayID mobile banking system, ending months of litigation in their trade mark spat.
AMP ‘ruining a lot of people’s Christmases’ in $35.5M poaching dispute, court told
A judge has blasted AMP for dragging a fight over documents to court this close to Christmas, after software company DST Bluedoor revealed it is seeking $35.5 million in loss and damages against the financial services firm for allegedly inducing 11 employees to jump ship after licensing its online advisor platform.
Law firms agree to consolidate AMP insurance class actions
Two law firms that have filed competing class action against AMP over allegedly excessive insurance premiums have changed tack and agreed to consolidate the proceedings.