Most Recent
In explaining where CBA shareholders went wrong in proving damages from the bank's omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.
ASIC has taken Macquarie Securities to court alleging it failed to accurately report at least 73 million short sales over a period of 14 years.
A court has approved a $64 million settlement in a consumer class action against the NAB units MLC Trustees and NULIS Nominees, with 69 per cent of the settlement sum to go to group members.
A class action against CMC Markets has won access to data thought to reveal that approximately 2,500 customers who failed screening tests for risky financial products were nevertheless permitted to trade.
A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.
SMBC has lost a bid for documents connected to King & Wood Mallesons opinions in its suit against fintech Humm linked to the Forum Finance fraud, with a court saying the Japanese bank did not share joint privilege over the material.
An appeals court has rejected Keybridge CEO Nick Bolton's challenge to a ruling that found that he and two other directors were validly removed at a board meeting, finding in favour of shareholder WAM Active.
Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.
ANZ has sued several insurers seeking coverage for two class action settlements totalling $117 million, plus defence costs, in cases stemming from the banking royal commission.
The corporate watchdog has imposed additional conditions on Macquarie Bank's financial services licence, citing multiple and significant compliance failures.