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PwC hit with $43M negligence lawsuit by failed VET provider Cornerstone
Professional Negligence 2021-11-17 4:06 pm By Bianca Hrovat

Accounting firm PricewaterhouseCoopers is facing claims of professional negligence by insolvent tertiary education provider Cornerstone for allegedly assisting the company’s former director in overstating the […]

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‘Gentle’ trading in ANZ shares an individual decision by banks, ex-JPMorgan boss says
Competition & Consumer Protection 2021-11-16 6:27 pm By Cindy Cameronne

A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade “gently” in […]

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ASIC accuses Mayfair’s James Mawhinney of breaching 20-year ban
Financial Services 2021-11-16 8:38 am By Christine Caulfield

The Australian Securities and Investments Commission has asked a court to hold Mayfair 101 director James Mawhinney in contempt, saying he has breached a 20-year […]

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Westpac back pays employees $6M in unpaid long-service leave
Employment 2021-11-16 11:35 am By Christine Caulfield

Westpac has agreed to pay thousands of employees across Australia a total of $6 million in unpaid long-service leave entitlements as part of a court-enforceable […]

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Judge questions ASIC’s ‘very, very modest’ $750,000 penalty against La Trobe Financial
Financial Services 2021-11-15 1:59 pm By Bianca Hrovat

A judge has expressed hesitation about a $750,000 penalty proposed by the Australian Securities and Investments Commission in its misleading advertisement case against $5.15 billion […]

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Forum Finance director says Westpac’s case against him ‘hopelessly weak’
Financial Services 2021-11-12 12:25 pm By Christine Caulfield

Forum Finance director Vincenzo Tesoriero wants to strike out Westpac’s claims against him and has told a court he too is a victim of alleged […]

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Court orders CBA to hand over oil and gas project books in climate change case
Climate change 2021-11-11 5:23 pm By Miklos Bolza

The Commonwealth Bank of Australia will have to hand over a preliminary tranche of documents relating to seven large-scale oil and gas projects it is […]

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CBA can’t throw out ‘cuckoo-smurfing’ lawsuit
Financial Services 2021-11-10 12:28 pm By Miklos Bolza

The Commonwealth Bank of Australia has failed in its bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” […]

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Gallop International hits law firm with $15.4M suit over company’s collapse
Professional Negligence 2021-11-09 5:43 pm By Miklos Bolza

Collapsed forex broker Gallop International Group has sued its former law firm, claiming its failure to ensure the company complied with its obligations as a […]

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ACCC’s witness statement method ‘quite unfair’, says judge hearing cartel case
Competition & Consumer Protection 2021-11-05 9:45 pm By Christine Caulfield

The ACCC’s practice of successively refining witness statements without saving draft versions was “quite unfair”, says a judge overseeing the competition regulator’s criminal cartel case […]

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