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A class action has been filed against Fitch Ratings on behalf of investors represented by a lawyer who has taken on credit ratings agencies over risky financial products for over a decade.
Former BitConnect national promoter John Louis Bigatton has been convicted for his role in marketing the online cryptocurrency platform, a global Ponzi scheme that reached a market capitalisation of $5 billion before its collapse.
Fund manager Real Asset Management has appealed a ruling which upheld mortgage broker RAMS’ bid to block the registration of two RAM trade marks.
Mills Oakley has lured a founding partner of Hamilton Locke and an environmental, social and governance lead from KPMG to join its Sydney team.
Group members in a class action against ANZ over credit card interest charges that settled for $57.5 million are expected to take home at least 60 per cent of the settlement sum after legal fees and a funder's commission are deducted.
In a win for ASIC, the Federal Court has found that non-bank lender Firstmac Limited breached the design and distribution obligations, introduced in 2021, by marketing a managed investment scheme that could be unsuitable for customers’ financial needs.
The corporate regulator has secrued orders barring fintech giant PayPal from enforcing a term in its contracts with small businesses that set a two-month deadline for complaints about excess fees.
PricewaterhouseCoopers has agreed to pay $8.25 million to settle a class action on behalf of Axsesstoday bondholders over an allegedly misleading bond prospectus, bringing the settlement total to $9.5 million after a group of insurers agreed to pay $1 million to settle the class action's claims.
The Federal Court must guard against "exceptions by accretion" when weighing Westpac's application to prevent the public from accessing documents filed in a lawsuit by the bank's former head of strategy, which has resolved in a confidential settlement, a judge heard Wednesday.
ANZ has been hit with a sanction by the Banking Code Compliance Committee for failing to stop or refund fees charged to deceased estates after customer deaths, with the bank to pay over $3.2 million to impacted estates.