Compliance and legal specialist Sophie Grace has rejected allegations it was responsible for defunct forex trader Gallop International Group’s collapse after it allegedly loaned $15.4 million in investor funds to the company’s director in Hong Kong.
Tennis star Novak Djokovic’s challenge to the Immigration Minister’s decision revoking his visa was unanimously dismissed Sunday, clearing the way for his removal and crushing his hopes for another Australian Open title.
The ACCC will seek a higher penalty against Employsure over misleading Google advertisements, after a judge found the consumer regulator’s proposed $5 million penalty was inappropriate and instead ordered the specialist workplace relations consultancy to pay $1 million.
AUSTRAC has expanded into investigation into Star Entertainment’s compliance with anti-money laundering laws, two months after a third law firm announced a shareholder class action investigation into the casino operator on the back of damning media reports.
Snack food company Intersnack Australia has hit AIG Insurance with a lawsuit, claiming the insurer wrongly refused to cover $3 million in losses caused by an employee who allegedly gave out unauthorised discounts.
A former head of medical at Sanofi-Aventis has sued the Australian branch of the pharmaceutical giant, claiming he was unfairly dismissed in a “‘sham redundancy” and faced discrimination because of his age and disabilities.
Forum Finance director Bill Papas’ cousin has hit back at Westpac’s allegations he wrongfully received $720,000 from the alleged fraudster in violation of freezing orders made in the bank’s lawsuit, which seeks to recoup $294 million paid into an alleged fraudulent scheme.
If evidence were needed that courts are not rubber stamping class action settlements, the scrutiny of multi-million dollar agreements in 2021 is proof positive that judicial oversight of representative proceedings is robust.
Grant Thornton can’t dodge a “significant” counterclaim accusing the accounting firm of charging for “unnecessary and pointless” work in a case against a former client over $119,000 in unpaid fees.
Energy retailer CovaU has been hit with $33,300 in penalties by the Australian Competition and Consumer Commission over its alleged failure to provide consumers with a percentage price comparison for its residential electricity plans.