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NAB class action seeks to bring ‘very serious’ new fraud allegations
Class Actions 2023-08-25 2:25 pm By Cindy Cameronne

NAB will fight a bid by a $78 million class action over the collapse of Walton Construction to add serious fraud allegations in the four-year-old […]

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$4.9B ANZ, Suncorp merger heads to Competition Tribunal
Competition & Consumer Protection 2023-08-25 10:11 pm By Cat Fredenburgh

ANZ has lodged an application asking the Australian Competition Tribunal to reverse the competition regulator’s rejection of its $4.9 billion tie-up with Queensland-based Suncorp. The […]

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Deloitte may ask court to keep lid on class action settlement
Class Actions 2023-08-24 2:35 pm By Sam Matthews

Deloitte may seek confidentiality orders over the amount it agreed to pay to settle a shareholder class action over its audits of collapsed construction group […]

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CBA to backpay staff $3M to settle rest break lawsuit
Financial Services 2023-08-23 10:01 pm By Cat Fredenburgh

The Commonwealth Bank of Australia has agreed to backpay thousands of branch staff $3 million to settle a lawsuit alleging it failed to provide employees […]

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Wealth guru Dominique Grubisa can’t get more detail about ACCC’s case
Competition & Consumer Protection 2023-08-22 1:42 pm By Cindy Cameronne

Dominique Grubisa has come up short in her bid to have the Australian Competition and Consumer Commission file formal pleadings in its case alleging she […]

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AMP to pay $110M to settle shareholder class action
Class Actions 2023-08-21 11:30 am By Cindy Cameronne

A shareholder class action that was filed in the wake of the banking royal commission over AMP’s fees-for-no-service practices has settled for $110 million.  The […]

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ASIC loses appeal in CBA conflicted remuneration case
Financial Services 2023-08-17 10:32 am By Cindy Cameronne

ASIC has lost its challenge to findings that a revenue sharing arrangement between the Commonwealth Bank of Australia and former subsidiary Colonial First State Investments […]

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Crypto lender sentenced over false credit licence claim
Cryptocurrency 2023-08-17 10:59 pm By Sam Matthews

Cryptocurrency lender Helio Lending Pty has been slapped with a non-conviction bond for falsely claiming that it held an Australian credit license. Helio paid a […]

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Deloitte settles class action over Hastie audits
Settlement 2023-08-16 10:13 pm By Cat Fredenburgh

Deloitte has settled a shareholder class action over its audits of collapsed construction group Hastie, a case which dragged on for six years as the […]

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Three-way contest looms to run class action against IG Markets over CFDs
Class Actions 2023-08-15 11:16 am By Cindy Cameronne

IG Markets has been hit with a second class action for offering “highly risky and unsuitable financial products” to retail investors, with a third competing […]

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