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CBA class action judge may weigh impact of two failed shareholder cases
Securities 2024-01-22 11:10 pm By Cindy Cameronne

Awaiting judgment in Federal Court class actions by shareholders over its money laundering risk disclosures, the Commonwealth Bank will ask the court to reopen the […]

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Penta Capital fined for alleged false claims of $6.9B under management
ASIC 2024-01-22 2:47 pm By Cindy Cameronne

The Australian Securities and Investments Commission has handed Queensland investment firm Penta Capital a $53,280 fine for allegedly making false statements on its website, including […]

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ME Bank hit with $820,000 penalty for misleading borrowers
Financial Services 2024-01-19 4:03 pm By Sam Matthews

Bank of Queensland will pay a $820,000 penalty after its Members Equity was found guilty of criminal charges over misleading representations, with a judge finding […]

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‘Confusing maze’: ALRC calls for overhaul of Corporations Act
Policy and Regulation 2024-01-18 10:08 pm By Cindy Cameronne

The Australian Law Reform Commission has recommended extensive reforms to the “confusing maze” that is the Corporations Act, including the creation of a standalone financial […]

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BeforePay defeats Bendigo and Adelaide Bank’s ‘B’ trade mark challenge
Intellectual Property 2024-01-15 3:50 pm By Cindy Cameronne

Bendigo and Adelaide Bank has lost its opposition to the registration of three trade marks by pay on demand company BeforePay, with a delegate finding […]

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Finfluencer infringed rival’s ‘financial foreplay’ trade mark but no damages due, court finds
Intellectual Property 2024-01-11 1:36 pm By Cindy Cameronne

A judge has found finfluencer Canna Campbell infringed a rival’s ‘financial foreplay’ trade mark by promoting a podcast that contained the phrase, but declined to […]

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‘The job is the job’: CBA sued by senior manager who complained of overwork
Employment 2024-01-11 10:57 pm By Sam Matthews

A former Commonwealth Bank manager alleging he was fired by the bank after raising concerns about being overworked says he was told “the job is […]

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Linchpin Capital directors hit with $390,000 in penalties
Financial Services 2024-01-10 10:05 pm By Sam Matthews

Four current and former Linchpin Capital directors have been disqualified from heading up companies and hit with a combined $390,000 in penalties, after a judge […]

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Toyota faces class action over flex commission car loans
Class Actions 2024-01-08 11:17 pm By Cindy Cameronne

A class action boutique has filed proceedings against Toyota’s finance arm over car loans that allegedly encouraged dealers to set high interest rates in exchange […]

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IC Markets hit with class action over risky CFDs
Class Actions 2023-12-22 10:11 pm By Cat Fredenburgh

Sydney-based online broker International Capital Markets has been hit with a class action, and is facing the threat of another representative proceeding by investors who […]

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