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A judge has approved a $29.6 million settlement in a class action against Westpac’s former home lending business RAMS, including $4 million in legal costs and a $12 million funding commission.
The securities regulator has launched proceedings against the former directors of Falcon Capital, the latest action by ASIC over the First Guardian Master Fund, which collapsed in 2024 taking $600 million in investor funds with it.
US-based investment firm StepStone has won the removal of two ring trade marks held by Trilogy Funds, with a delegate finding the Australian fund manager's use of the ring within the name 'Trilogy' differed from the registered marks.
ASIC is looking into lead managers behind AI data centre company Firmus’ failed public float, with a key issue whether they had a reasonable basis for assertions about investor demand.
ASIC has flagged it may seek an initial trial on whether comparison website company Clark Family provided financial services to consumers, in its case alleging the company sold customer enquiries to the highest bidder.
Investment firm White Oak has settled its case against IAG, Tokio Marine and subsidiary BCC alleging the insurers were liable for $200 million in damages following the collapse of supply chain finance company Greensill.
In the latest ruling on computer-implemented inventions, an IP Australia delegate has shot down fintech Kyro Card's bid to patent a payment system for offering rewards to shoppers, finding the invention was a business scheme implemented on a computer and not a manner of manufacture.
IMB Bank will argue that a fintech's claims that the mutual bank breached its copyright by reverse engineering its customer relations management software is statute-barred, a court has heard.
ASIC has issued interim stop orders preventing Murdoch Clarke from offering investment in its mortgage fund, as part of the corporate regulator’s surveillance of the private credit sector.
Law firm Piper Alderman is seeking a larger cut of a $29 million settlement in a class action it ran against AMP alongside Shine Lawyers, arguing its current payout punished it for "relative efficiency".