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A trial set to begin Monday morning in ASIC's landmark case against Westpac alleging the bank breached responsible lending laws was postponed amid settlement talks, which were expected to continue into the evening.
Macquarie Group has defended its remuneration package for financial advisers in its private wealth unit, denying claims it paid them entirely in commissions and unlawfully withheld regular wages.
A mortgage broker can eyeball an internal Westpac document as he considers a misleading and deceptive conduct case against the bank for stripping him of his accreditation without explanation.
The decision by a federal judge to refuse calls for a confidentiality order keeping under wraps S&P Global's massive class action settlement is a welcome one, experts say, and a preview of judgments to come.
S&P Global will pay $215 million to settle six consolidated class actions brought by investors over toxic CDOs, a figure revealed by the Federal Court on Thursday despite calls that it be kept secret.
AMP has prevailed in a hard-fought fight over where it will defend five shareholder class actions brought in the wake of the Banking Royal Commission, in a precedent-setting judgement that provides a road map for future jurisdictional battles over competing class actions.
The Commonwealth Bank of Australia and other lenders have been warned by the corporate watchdog against a "tick-boxes" approach to reviewing reverse mortgage applications by elderly home owners.
A judge refused Tuesday to step down from two cases brought by Bendigo and Adelaide Bank seeking to claw back loans from group members in a settled class action over Great Southern Group's managed investment schemes, saying no apprehension of bias could arise.
Correspondence to a law firm revealing a client's identity was covered by legal professional privilege because the firm's advice was contingent on the client providing his name, a court has ruled.
The Commonwealth Bank of Australia is seeking to strike out portions of a shareholder class action over allegedly lax anti-money laundering and anti-terrorism financing controls it calls a "vague penumbra" that leaves the bank in the dark about the case against it.