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A judge has ruled that two Deloitte partners can act as administrators for embattled wealth manager Keystone, replacing two voluntary administrators from KordaMentha, despite an alleged risk of conflict due to past work for the company.
A breakdown in the relationship of two high-flying friends -- former senior ANZ executive David Carr and Barclays top banker Ivan Ritossa -- was not a reason to order the winding up of the pair's property investment trust, a court has found.
ANZ has argued a sacked trader’s bid for discovery has turned into a “roving commission” of the bank’s culture in a lawsuit alleging the trader was terminated for complaining about the bank’s manipulation of the bank bill swap rate.
The Australian Securities and Investments Commission has argued the relief sought in proceedings against the director of two Paladin Group units does not constitute a penalty, as it challenges his reliance on the privilege against self-exposure to penalty.
Wealth investment firm Ord Minnett has filed a cross-claim arguing a former executive who claims he was sacked for complaining about a $110,000 cut in his pay imposed after ASIC slapped the firm with a penalty for breaching market rules.
The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bank’s bid for soft class closure ahead of mediation.
Courtenay House director Tony Iervasi has been sentenced to 11 years' imprisonment after pleading guilty to charges connected to a $180 million Ponzi scheme that duped hundreds of investors.
CBA-backed climate venture capital firm Wollemi says that Tesla CEO Robyn Denholm did not use ‘Wollemi’ and ‘Wollemi Capital’ as trade marks “at any point in time”, as it seeks to defeat Denholm’s appeal of a decision which rejected her family office’s opposition to registration of the marks.
A judge has criticised the pleadings in class actions against ANZ, Macquarie and Westpac over flexible commission schemes for car dealers, saying they were "inappropriate and unhelpful" in referring to documents in the banking royal commission.
A former financial advisor at the now-defunct Growth Plus Financial Group has been convicted on 28 counts of fraud and jailed for 12 years for defrauding clients of $6 million, in conduct a judge described as "evil" and "systematic".