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Suncorp hit with class action over super fees
Class Actions July 1, 2019 12:39 pm By Cat Fredenburgh

A unit of Suncorp Group has been hit with a class action over superannuation fees and charges, the eighth banking royal commission-related class action filed […]

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Equititrust settlement with KPMG approved after no objections to funder taking all
Restructuring & Insolvency June 28, 2019 9:04 pm By Amelia Birnie

A court has approved a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG, after not a single objection was raised by […]

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ASIC appeals ruling in market manipulation case against NAB contractor Whitebox
Securities June 28, 2019 11:39 pm By Cat Fredenburgh

The Australian Securities and Investments Commission is challenging the dismissal of its enforcement action against  National Australia Bank contractor Whitebox Trading and sole director Johannes […]

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Commonwealth Bank agrees to enforceable undertaking after privacy breaches
Privacy & Cybersecurity June 27, 2019 9:49 pm By Christine Caulfield

The Commonwealth Bank must overhaul its privacy practices as part of a court-enforceable undertaking with the Australian Information Commissioner following two data breaches. As part […]

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AMP hit with second class action over ‘excessive’ superannuation fees
Class Actions June 26, 2019 2:08 pm By Cat Fredenburgh

AMP is a facing a second class action for allegedly charging excessive fees on more than two million superannuation accounts, setting up another potential class […]

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Third time unlucky: Mortgage firm loses another bid to stifle derivative suit over Macquarie sale
Securities June 26, 2019 2:25 pm By Amelia Birnie

An appeals court has dismissed a third attempt by directors of mortgage aggregator Connective Group to stifle a shareholder’s derivative lawsuit over a restructure that […]

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Fintech Zip faces trade mark suit by Firstmac
Intellectual Property June 24, 2019 11:20 pm By Cat Fredenburgh

Mortgage provider and Brisbane Broncos sponsor Firstmac has hit fintech giant Zip Co with a lawsuit for allegedly infringing its “Zip” trade mark. In an […]

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Investors can’t revive class action over Octaviar collapse
Appeals June 21, 2019 9:27 pm By Miklos Bolza

An appeals court has tossed a challenge to the dismissal of an investor class action against the Public Trustee of Queensland over a failure to […]

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Judge pauses ASIC case against ANZ over $2.5B share placement
Securities June 21, 2019 11:35 pm By Cat Fredenburgh

ANZ Bank has secured a stay of the corporate cop’s civil penalties proceeding over disclosures related to its $2.5 billion equity capital raising while it […]

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Funder takes all in Equititrust settlement with KPMG, creditors get nothing
Restructuring & Insolvency June 20, 2019 9:10 pm By Miklos Bolza

The approval of a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG has been postponed to allow time to notify creditors […]

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