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Jones Day poaches finance partner from Allens
A securitization and structured finance expert with over 20 years of experience has made the jump from Allens to Jones Day. 
Second CommInsure class action settles in as many days
A class action over alleged inflated insurance policy premiums charged by advisers of two Commonwealth Bank wealth management licensees has settled, the second class action over CommInsure to resolve this week.
Judge questions AMP class action’s bid to ‘prettify’ case on eve of trial
The applicant in a class action against AMP wants to amend the case five years in and three months out from trial, but a judge has warned he will look dimly on any changes that disrupt the evidence planned for the hearing.
High Court declines to clarify accessorial liability in payday lenders’ appeal
The High Court has declined to hear an appeal of a ruling that found the directors of payday lenders Cigno and BSF are liable for the companies' unlicensed credit activity.
FSU puts banks on notice following landmark WFH ruling
The Finance Sector Union has warned the country's biggest banks they could be flouting workplace laws if they refuse flexible work requests, following a landmark court victory for a Westpac worker whose work from home request was denied.
Hesta, Prime Super pay ASIC fines for greenwashing
Superannuation funds Hesta and Prime Super have been pinged by the corporate regulator for allegedly greenwashing their investment portfolios.
Colonial First State, AIA settle class action for $140M
Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.
ASIC mulls appeal in conflicted remuneration case against ex-Freedom boss
ASIC is considering an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance's former boss and another executive over a sales incentive scheme.
ASIC wins OK to pursue case against Solve My Debt despite liquidation
The corporate cop has won court approval to proceed with a consumer suit against debt manager Solve My Debt, despite the company falling into liquidation.
Fraudster Chris Marco cops record 14-year sentence for Ponzi scheme
A court has slapped a 14-year jail term on Perth businessman Chris Marco, after a jury found him guilty of 43 charges connected to a $34 million fraud on investors.