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ASIC mulls action against super fund execs for investment switching with insider intel
ASIC has flagged it may take regulatory action against super fund executives and directors for switching personal investment options using insider information.
Morgan Stanley’s negligence gave financial advisor PTSD, suit claims
A former Morgan Stanley financial adviser has launched a lawsuit against the investment banking giant, alleging its negligence led to psychological strain so severe it rendered her permanently unfit for her job.
Crown report points finger at MinterEllison, internal legal team
MinterEllison and Crown Resort's internal lawyers were partially at fault for misconduct unearthed in a damning Royal Commission report into the casino operator because they failed to ask whether certain actions were moral as well as legal, the commissioner has found.
Crown gets two years to fix ‘illegal, dishonest, unethical’ conduct or face loss of casino licence
Crown Resorts has avoided having its casino licence stripped, for now, with a Victorian Royal Commission giving the casino operator two years to clean up its act after finding it failed to prevent "illegal, dishonest, unethical and exploitative" conduct.
BlueScope general manager ‘not an honest witness’, ACCC tells court
BlueScope Steel general manager Jason Ellis was not an honest witness and did not express genuine regret when he apologised for obstructing an ACCC investigation, a court hearing the regulator’s price-fixing case was told Tuesday.
Eastern Health, Royal Women’s targeted in latest junior doctors class action
Eastern Health and the Royal Women's Hospital have become the latest hospital operators to be stung with a class action alleging they failed to pay junior doctors for unrostered work hours.
Lendlease, Acciona lock horns over $160M engineering acquisition
Infrastructure developers Lendlease and Acciona are suing each other for tens of millions of dollars over alleged losses stemming from Acciona's $160 million acquisition of Lendlease's engineering business, which saw it take over the Gawler rail project in South Australia.
Beach Energy faces second shareholder class action investigation over Western Flank disclosures
Australia’s largest onshore oil producer, Beach Energy, is facing a second shareholder class action investigation into whether it misled the market with its projected earnings from oil reserves on the Western Flank in South Australia.
NCAT quashes fresh challenge to COVID-19 vaccination orders
The New South Wales Civil and Administrative Tribunal has struck down another challenge to a public health order mandating COVID-19 vaccinations for healthcare workers, saying it lacked the necessary jurisdiction to review the order's merits.
Developer wins GST class action appeal despite misleading investors
A Canberra property developer that misled investors about GST on its apartments does not have to pay compensation to the lead applicant in a class action against it, an appeal court has found.