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ASIC takes Harvey Norman to court over ‘no deposit, interest free’ ads
ASIC 2022-10-05 12:04 pm By Sam Matthews

The Australian Securities and Investments Commission has brought action against Harvey Norman over allegedly misleading ads about its interest-free finance. In a suit filed Tuesday […]

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Judge throws out ASIC evidence on tweets in ASX Wolf Trader’s case
ASIC 2022-10-05 4:48 pm By Cindy Cameronne

The self-declared “wolf trader” of the Gold Coast, Tyson Scholz, has won his bid to exclude ASIC’s evidence about the meaning of his tweets in […]

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ANZ denies firing ex-money markets head over sexual harassment, APRA reporting complaints
Financial Services 2022-10-05 3:43 pm By Sam Matthews

The Australian and New Zealand Banking Group has hit back at allegations by its former head of money markets that he was sacked for making […]

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‘Blood out of a stone’: Class action settlement no big pay day for IPO Wealth investors
Class Actions 2022-10-04 2:22 pm By Sam Matthews

Investors in Mayfair Group’s collapsed IPO Wealth Fund are set to recoup only a fraction of their alleged $67 million losses in a best-case settlement […]

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Humm points finger at Forum Finance in SMBC’s $34M lawsuit
White Collar 2022-10-04 11:40 pm By Cindy Cameronne

Fintech Humm has admitted to making “misrepresentations” to Japanese bank SMBC over allegedly worthless receivables linked to Forum Finance but has denied it was negligent, […]

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Grant Thornton, Moore Stephens sued over Linchpin audits
Financial Services 2022-09-30 6:04 pm By Sam Matthews

Embattled investment firm Linchpin Capital has sued auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that […]

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CBA defeats ‘misconceived’ ASIC conflicted remuneration case
Financial Services 2022-09-29 11:11 am By Sam Matthews

The Australian Securities and Investments Commission has suffered a defeat in proceedings alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of […]

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Dick Smith execs ask High Court to toss case over final dividend
High Court 2022-09-29 10:33 pm By Cat Fredenburgh

Two former executives of defunct electronics retailer Dick Smith have asked the High Court to hear their challenge to a $11.8 million damages award for […]

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Judge nudges AMP to seek dismissal of class action claims
Class Actions 2022-09-26 3:56 pm By Cindy Cameronne

A judge has suggested that financial services giant AMP bring an application for summary dismissal of part of a class action over allegedly excessive insurance […]

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60 Minutes episode invited ‘condemnation’ of bank boss Peter Schiff, judge finds
Defamation 2022-09-23 3:17 pm By Cindy Cameronne

A judge has found that a 60 Minutes broadcast by Nine, but not a related article, carried defamatory meanings about Euro Pacific Bank boss Peter […]

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