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CBA shareholder class actions score partial win on appeal, but no damages
Class Actions 2025-05-07 5:25 pm By Cindy Cameronne

Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.

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ANZ sues insurers for $117M in coverage for class action settlements
Insurance 2025-05-07 11:39 pm By Sam Matthews

ANZ has sued several insurers seeking coverage for two class action settlements totalling $117 million, plus defence costs, in cases stemming from the banking royal commission. 

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Macquarie cops extra conditions for ‘repeated’ non-compliance
Financial Services 2025-05-07 11:33 pm By Julia Kanapathippillai

The corporate watchdog has imposed additional conditions on Macquarie Bank’s financial services licence, citing multiple and significant compliance failures.

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No contrition, but Fortrend avoids big penalties in spat with Shaw & Partners pair
Employment 2025-05-06 11:04 pm By Cindy Cameronne

A judge has ordered Fortrend Securities to pay $181,000 in penalties after finding it unlawfully withheld the bonuses of two financial advisers who jumped ship to rival Shaw & Partners, saying the lower penalties were appropriate despite “not a word of contrition”. 

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Linchpin class action settlement with AIG wins court approval
Class Actions 2025-05-05 11:01 pm By Andy Sidler

A judge has signed off on a settlement in a class action by investors in failed advisory firm Linchpin Capital, with insurer AIG paying $12.15 million and forfeiting its right to appeal a liability finding.

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Blockchain Global director owes developer $10.3M in Bitcoin, court rules
Cryptocurrency 2025-04-30 11:44 pm By Christine Caulfield

A former cryptocurrency boss who faces a criminal investigation by ASIC is on the hook for a $10.3 million Bitcoin payout to a former employee, a court has found.

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ASIC has mixed success in case against family-owned business lender
Financial Services 2025-04-29 11:03 pm By Julia Kanapathippillai

A business lender that issued personal loans is on the hook for unlicensed credit activity, but ASIC’s action against the director has failed, with a judge finding the regulator was “entirely indifferent” to the circumstances of the case.

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Judge’s recusal from ASIC case against Sunshine Loans at heart of High Court appeal
Appeals 2025-04-24 11:03 pm By Christine Caulfield

Sunshine Loans wants the High Court to weigh in on an appeals court’s decision that overturned the recusal of a judge from deciding the penalty in ASIC’s case over unauthorised fees.

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Tesla CEO Robyn Denholm loses bid to register ‘Wollemi’ trade mark
Intellectual Property 2025-04-24 11:54 pm By Sam Matthews

CBA-backed climate venture capital firm Wollemi has won its bid to block the family company of Tesla CEO Robyn Denholm from registering ‘Wollemi Capital Group’ as a trade mark.

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Keybridge to stay in administration pending Nick Bolton appeals
Justice Mark Leeming 2025-04-24 11:57 pm By Cat Fredenburgh

Keybridge CEO Nick Bolton has won a stay of orders ending the company’s administration as he appeals that ruling and another that found he and two other directors were validly removed and replaced at a board meeting.

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