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The ACCC has delayed it decision on MYOB’s proposed bid for Reckon’s accounting unit while it waits for information, after the regulator raised concerns about how the merger would affect competition in the accounting software market.
A judge has signed off on a $19.25 million settlement in a shareholder class action brought against directors of defunct laser technology company Arasor International Ltd and partners in auditing firm Grant Thornton South Australia, but cut the legal fees of Squire Patton Boggs and Piper Alderman by $250,000.
A judge has signed off on a multi-million dollar settlement in a class action by retirees who claim they lost $27 million with the collapse of property lender Wickham Securities
The corporate regulator has confirmed it is investigating AMP over its 'fees for no service' practice revealed at the Hayne Royal Commission in stunning testimony Treasurer Scott Morrison on Wednesday called "deeply disturbing".
A former NAB financial adviser has been permanently banned from providing financial services after an ASIC investigation found he fleeced clients out of at least $2 million.
Two high ranking analysts from S&P Global have distanced themselves from the decision making process at the heart of a class action over toxic financial products given healthy ratings by the agency ahead of the global financial crisis.
The independence of a report by law firm Clayton Utz to ASIC over AMP's practice of charging customers for services not performed was called into question Tuesday at the Hayne Royal Commission.
Two Commonwealth Bank subsidiaries have entered an agreement with ASIC to pay $3 million for failing to provide annual reviews to customers that paid for the service, adding to the $88 million they have already paid out to 31,500 affected customers.
Global insurer Jardine Lloyd Thompson could be hit with a class action over allegations that local councils across Australia paid excessive premiums for its advice.
A former treasurer for Coffs Harbour City Council was "careless" for not analysing the financial products he invested millions of dollars of the city's funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.