Maurice Blackburn has had a second crack at a group costs order in three class actions against banks over alleged flexible commission schemes after a judge in 2021 rejected what was then the first-ever application for a contingency fee.
Personal lender ClearLoans and its parent company have been hit with $6 million in penalties for violating consumer credit protections laws, including by failing to respond to financial hardship notices from debtors during the height of the COVID-19 pandemic.
The Commonwealth Bank of Australia has urged the Full Court to toss ASIC’s challenge to a decision dismissing its conflicted remuneration case over the bank’s sale of its Essential Super product, saying the appeal suffered from “fatal” flaws.
A third individual has been hit with criminal charges in relation to collapsed investment management fund Courtenay House, which ASIC alleges was run as a $180 million Ponzi scheme.
A mortgage broker has lost his challenge to a tribunal’s decision to uphold a lifelong ban by the Australian Securities and Investments Commission.
Accounting firm Pitcher Partners has lost an application to dismiss a $127 million lawsuit by the family of race car driver Max Twigg as an abuse of process, with a judge rejecting its claim that the proceedings were deliberately delayed.
Melbourne man Joshua Fuoco has been fined $6,000 and convicted for managing the now defunct consumer lender Financial Circle while disqualified.
Fintech Tyro has agreed to settle a class action brought by retailers who were unable to process payments during a days-long EFTPOS outage in January 2021.
Dozens of Macquarie advisers who previously won a $330,000 payday against the bank have been ordered back to court for a rehearing of their long-running case over employment entitlements.
Hall & Wilcox has lured a Baker & McKenzie veteran and renewables specialist to lead its Sydney finance practice.