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IOOF unit’s case ‘utterly unsupportable’, Sparke Helmore tells court
Trials 2019-07-02 8:40 pm By Miklos Bolza

Sparke Helmore has refuted allegations by IOOF subsidiary Australian Executor Trustees (SA) that it failed to provide proper legal advice to the trustee on a […]

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IOOF liability ‘plain as a pike staff’, APRA says at start of trial
Financial Services 2019-07-01 10:47 pm By Amelia Birnie

The prudential regulator has opened the first day of its case against IOOF directors and entities by claiming the wealth manager’s liability is “plain as […]

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‘Neglect, inexperience, incompetence’: IOOF unit faces $82M trial over plantation sale
Trials 2019-07-01 7:23 pm By Miklos Bolza

IOOF subsidiary Australian Executor Trustees (SA) is facing an $82 million claim for compensation by investors angered by the way the trustee handled the sale […]

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Suncorp hit with class action over super fees
Class Actions 2019-07-01 12:39 pm By Cat Fredenburgh

A unit of Suncorp Group has been hit with a class action over superannuation fees and charges, the eighth banking royal commission-related class action filed […]

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ASIC appeals ruling in market manipulation case against NAB contractor Whitebox
Securities 2019-06-28 11:39 pm By Cat Fredenburgh

The Australian Securities and Investments Commission is challenging the dismissal of its enforcement action against  National Australia Bank contractor Whitebox Trading and sole director Johannes […]

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Equititrust settlement with KPMG approved after no objections to funder taking all
Restructuring & Insolvency 2019-06-28 9:04 pm By Amelia Birnie

A court has approved a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG, after not a single objection was raised by […]

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Commonwealth Bank agrees to enforceable undertaking after privacy breaches
Privacy & Cybersecurity 2019-06-27 9:49 pm By Christine Caulfield

The Commonwealth Bank must overhaul its privacy practices as part of a court-enforceable undertaking with the Australian Information Commissioner following two data breaches. As part […]

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Third time unlucky: Mortgage firm loses another bid to stifle derivative suit over Macquarie sale
Securities 2019-06-26 2:25 pm By Amelia Birnie

An appeals court has dismissed a third attempt by directors of mortgage aggregator Connective Group to stifle a shareholder’s derivative lawsuit over a restructure that […]

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AMP hit with second class action over ‘excessive’ superannuation fees
Class Actions 2019-06-26 2:08 pm By Cat Fredenburgh

AMP is a facing a second class action for allegedly charging excessive fees on more than two million superannuation accounts, setting up another potential class […]

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Fintech Zip faces trade mark suit by Firstmac
Intellectual Property 2019-06-24 11:20 pm By Cat Fredenburgh

Mortgage provider and Brisbane Broncos sponsor Firstmac has hit fintech giant Zip Co with a lawsuit for allegedly infringing its “Zip” trade mark. In an […]

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