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Judge questions Gadens’ cost disclosures in fee spat with client
A judge has allowed an assessment of Gadens' legal costs in a dispute with a client over $665,000 in fees, saying while the application had been filed out of time, the law firm seemed to have done "little by way of compliance" with its costs disclosure obligations. 
In ASIC suit, Dover Financial says ‘client protection policy’ caused no harm
Defunct financial adviser Dover Financial is seeking evidence to bolster its argument that no clients were harmed by a liability waiver that's at the centre of a lawsuit by the Australian Securities and Investments Commission.
Octaviar investors, class action funder dodge indemnity costs
The investor behind a failed class action against the Public Trustee of Queensland over the collapse of Octaviar Group has escaped a bid by the Trustee for maximum costs, with a judge ruling the case was not a "nakedly speculative venture" by the funder.
Pitcher Partners fined $5.6M for concealing botched accounting
Accounting firm Pitcher Partners has been ordered to pay more than $5.6 million in damages for fraudulently concealing an amortisation error that caused a well-known bus operator to face higher than expected costs in a NSW transport tender.
Judge greenlights MWL derivative suit against Focus Financial
Majority shareholders in MWL Financial have won court approval to bring a derivative suit against US-based Focus Financial Partners over an acquisition gone sour.
ASIC mulls appeal of Westpac ‘personal advice’ ruling
The Australian Securities and Investments Commission has not ruled out a challenge to a ruling that two Westpac subsidiaries didn't provide personal financial advice as part of a campaign encouraging customers to roll over external superannuation accounts.
Debt collector fined $750k for harassing stroke victim, single mum
Debt collector ACM Group has been hit with a $750,000 fine for engaging in unconscionable conduct by misleading, harassing and coercing two vulnerable customers while chasing unpaid debts.
IOOF says APRA should be able to state its case after 3-year probe
A barrister for two units of embattled wealth manager IOOF and three senior company executives facing claims by APRA have criticised the regulator for filing a broad concise statement and no statement of claim after a three-year investigation.
Lead applicant socked with costs of Banksia class member’s appeal
The lead applicant in a class action over the failure of Banksia Securities is on the hook for paying the legal costs of a class member who successfully challenged the funder's cut of a $64 million settlement in the case.
MFS execs lose appeal over $147.5M in misused funds
Three former executives of failed Gold Coast finance company MFS Group have lost their challenge to a ruling that they misappropriated $147.5 million in funds prior to the company's collapse.