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$27M penalty for ‘extensive and systematic’ failures by CBA units
Financial Services 2022-10-25 11:03 pm By Sam Matthews

Commonwealth Bank units CommSec and Australian Investments Exchange have been ordered to pay more than $27 million for “serious and unacceptable” system failures that led […]

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Facebook flags potential conflict of interest in cryptocurrency ad class action
Cryptocurrency 2022-10-25 2:45 pm By Sam Matthews

Facebook owner Meta wants to uncover the basis on which crypto tokens have been issued to bankroll a class action over its 2018 ban on […]

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ASIC sues Qoin issuer, says crypto-asset could ‘harm consumers’
Financial Services 2022-10-25 12:08 pm By Cindy Cameronne

The Australian Securities and Investments Commission has brought proceedings against a Southport-based issuer of Qoin that is also facing a class action, alleging it misled […]

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Class action against NAB over Walton collapse can’t add insolvent trading claim
Restructuring & Insolvency 2022-10-24 12:18 pm By Sam Matthews

A judge has rejected a bid to add an insolvent trading claim to a $78 million class action over the collapse of Walton Construction, citing […]

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Super fund sues crypto company for ‘flagrant’ trade mark infringement
Intellectual Property 2022-10-24 11:23 pm By Cindy Cameronne

Education superannuation fund NGS Super has filed a trade mark lawsuit against Australian blockchain mining company NGS Crypto, claiming it failed to comply with a […]

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AMP grilled over possible breach of court orders in insurance churn case
Financial Services 2022-10-19 11:26 pm By Cindy Cameronne

A judge has questioned AMP Financial Planning over whether it breached court orders to compensate customers after finding the firm failed to prevent a now […]

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Salter Brothers secures $8M in breach of warranty case against ex-Hendry Group CEO
Corporate 2022-10-18 11:23 pm By Christine Caulfield

Fund manager Salter Brothers has been awarded more than $8 million in a breach of warranty suit against former Hendry Group boss Emma Hendry and […]

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James Mawhinney sues ASIC over ‘defamatory’ media release
Defamation 2022-10-17 3:55 pm By Cat Fredenburgh

Mayfair 101 founder James Mawhinney has sued the Australian Securities and Investments Commission and its deputy chair Sarah Court, alleging the corporate regulator defamed him […]

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Equity Trustees sues investment firm over currency hedge trades
Financial Services 2022-10-17 11:30 pm By Sam Matthews

Equity Trustees has sued asset manager Tactical Global Management seeking millions in compensation for losses allegedly stemming from over-hedging trades. In a suit filed in […]

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ASIC issues stop orders on Holon crypto funds pitched to retail investors
Cryptocurrency 2022-10-17 3:02 pm By Sam Matthews

The corporate regulator has placed interim stop orders on three crypto funds distributed by Holon Investments Australia Limited, citing the need to protect investors from […]

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