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Protracted ACCC review dooms MYOB, Reckon deal
Competition & Consumer Protection May 31, 2018 1:10 pm By Cat Fredenburgh

MYOB has decided to drop its bid to acquire Reckon’s accounting unit due to the ACCC’s extended regulatory review of the tie-up. The company announced […]

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Westpac class action funder wants $77M ‘windfall’, bank says
Class Actions May 29, 2018 9:49 pm By Miklos Bolza

If Shine Lawyer’s upper damage estimate of $259 million is correct, the funder backing the Westpac life insurance class action would be entitled to a […]

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Slater & Gordon vies for AMP shareholders with ‘best deal’ yet
Class Actions May 18, 2018 9:46 am By Christine Caulfield

Not to be outdone by other class action firms vying to recruit AMP shareholders for a $2 billion class action, Slater & Gordon announced Friday […]

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ANZ, Deutsche Bank, Citigroup face criminal cartel charges
White Collar June 1, 2018 9:57 am By Christine Caulfield

ANZ, Deustche Bank and Citigroup will be hit with criminal charges over an alleged cartel involving the institutional equity placement of ANZ shares that raised […]

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ASIC’s Peter Kell says finance sector’s excuses have run out
Financial Services May 22, 2018 9:09 pm By Miklos Bolza

ASIC deputy chair Peter Kell has put financial services firm’s on notice that excusing poor behaviour as an industrywide problem won’t cut it anymore. “‘I […]

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AMP to have ‘dialogue’ with class action lawyers, court hears
Class Actions May 18, 2018 9:50 pm By Miklos Bolza

AMP appeared in court Friday to defend the first of several class actions filed on behalf of shareholders in the wake of damaging Royal Commission […]

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$26M funding cut to hobble ASIC, experts say
Securities May 10, 2018 10:02 pm By Christine Caulfield

The Federal Government’s $26 million cut to ASIC’s budget has been blasted by experts and the opposition for undermining the corporate regulator, already facing the […]

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Cooperating cos. could avoid prosecution under new leniency scheme
Financial Services June 11, 2018 9:14 pm By Miklos Bolza

The government has released a draft code of practice for a new deferred prosecution scheme under which corporations could avoid charges in exchange for self-reporting […]

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Judge slams class action settlement as “worst” he’s ever seen
Class Actions May 25, 2018 4:06 pm By Miklos Bolza

A Federal Court judge on Friday reluctantly approved a $12 million settlement in the long-running class action against Bank of Queensland, saying it left almost […]

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Fox Symes pays up over misleading ’15 second approval’ ad
Competition & Consumer Protection May 24, 2018 10:27 pm By Christine Caulfield

Debt management firm Fox Symes will pay $37,800 in penalties for misleading advertising, including its promise that customers could secure lending approval in 15 seconds. […]

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