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Class action against CMC Markets can add personal advice claim
A class action against CMC Markets got the go-ahead Thursday to add new claims in its case centred on risky financial products, after trawling through 27,000 documents produced by the trading platform.
Injury firm can bolster defence in defunct funder’s $2M case
A personal injury law firm can beef up its defence in a case brought by the receivers of collapsed litigation funder JustKapital, who claim the firm owes $2 million in fees and interest for disbursement financing.
Ex-ANZ CEO drops lawsuit over $13.5M bonus
Former ANZ CEO Shayne Elliott has dropped a lawsuit alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.
Mrs Mac’s CFO silent on financial woes, court finds in partial win for Octet
Octet Finance has won a $38,000 judgment against the ex-CFO of defunct pie maker Mrs Mac’s, with a court finding he failed to correct a statement that the trade financier would likely be repaid in full following a $4 million recapitalisation.
Plus500 pushes again to shut down investor class action
Online trading platform Plus500 is challenging a court ruling that investors who lost money on highly leveraged contracts for difference can proceed with their class action despite signing arbitration clauses.
Westpac CEO ordered to court after bank seeks to ‘defend the indefensible’
A judge ordered Westpac's CEO to front court over the "unconscionable" actions of mortgage subsidiary St George Bank in refusing to reverse an adverse credit record from a customer short $44.11 on her mortgage payments.
Keystone’s Paul Chiodo can’t dodge receivers’ subpoenas for bank records
Ex-Keystone director Paul Chiodo has failed in his fight against subpoenas by receivers over bank statements, despite arguing they were a fishing expedition aimed at clawing back investor funds. 
ASIC failed to warn Equity Trustees about Keystone fund, court told
Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member's investment in the now defunct Shield fund, saying the regulator failed to warn it.
Despite flight risk concerns, Shield-linked director can leave Australia
A former director of two marketing companies linked to the failed Shield and First Guardian funds can leave Australia for 12 days, despite ASIC’s concerns he is a flight risk.
Class action firm concedes ATE case law a ‘mess’, but defends carve-out
The law firm running a no win, no fee class action against ANZ and superannuation trustee OnePath has defended a $1.7 million cut from a $50 million settlement to cover an after-the-event insurance policy.