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Westpac to face off against ASIC in September trial
Competition & Consumer Protection March 6, 2018 8:13 pm By Jennifer Cooke

Westpac will again take its chances at trial against ASIC, this time in a case alleging the bank breached responsible lending laws. In a hearing […]

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Judge signs off on QBE’s $133M class action settlement
Class Actions May 7, 2018 9:19 pm By Miklos Bolza

A Federal Court judge has given the all-clear to a $132.5 million offer by QBE to settle a class action by shareholders angry about a […]

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AMP chief quits amid scandal, board hires King & Wood Mallesons
Financial Services April 20, 2018 12:13 pm By Cat Fredenburgh

AMP’s chief executive Craig Meller has resigned after this week’s shocking revelations that the company misled ASIC over fees charged to customers and may have […]

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Former NAB adviser banned for stealing $2 million from clients
Financial Services April 18, 2018 12:50 pm By Cat Fredenburgh

A former NAB financial adviser has been permanently banned from providing financial services after an ASIC investigation found he fleeced clients out of at least […]

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Judge criticizes class action cost consultants again
Shine Lawyers April 6, 2018 11:42 pm By Cat Fredenburgh

Federal Court Justice Michael Lee has again weighed in on the use of cost consultants to assess legal fees in class actions, saying that they […]

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ACCC’s Sims compares big four banks to synchronised swimming
Financial Services April 5, 2018 10:00 pm By Cat Fredenburgh

The head of the Australian Competition and Consumer Commission said Thursday that when it comes to mortgage prices, the behaviour of Australia’s big four banks […]

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Gadens weighs class action against fund manager Blue Sky
Class Actions March 29, 2018 9:08 pm By Cat Fredenburgh

Blue Sky Alternative Investments could be facing a class action after a report by a U.S. hedge fund that found the Australian fund manager had […]

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Mortgage aggregator can’t halt derivative suit over Macquarie Bank deal
Securities March 29, 2018 11:35 am By Cat Fredenburgh

A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the […]

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House to weigh bill to give ASIC competition powers
Competition & Consumer Protection March 28, 2018 3:25 pm By Cat Fredenburgh

A measure to add competition concerns to the mandate of the Australian Securities and Investments Commission was formally introduced in the House on Wednesday. The […]

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RBS to pay $12.58 million to settle class action
Financial Services March 27, 2018 2:05 pm By Cat Fredenburgh

The Royal Bank of Scotland has agreed to pay $12.58 million to settle a consumer class action brought on behalf of purchasers of its financial […]

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