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The former CEO and director of biotech company Sirtex Medical was sentenced Thursday to 18 months' imprisonment for insider trading but was released immediately on a three-year good behaviour bond.
The failings that led to enforcement action against Westpac over 23 million alleged breaches of financial crime laws were ones of omission, and not the result of intentional wrongdoing, according to an independent report released by the bank on Thursday.
An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.
Commonwealth Bank of Australia and Beem It are facing an employment lawsuit by the former CEO of the payments fintech, but details of the case have not been released pending a bid to keep the claims confidential.
A judge has questioned ASIC's proposed $5 million penalty against the Commonwealth Bank of Australia, saying it was "on the light side" for the bank's conduct in overcharging $8 million in fees on its agricultural products.
Clive Palmer has defeated over $100 million in claims brought by the liquidator of Queensland Nickel over the $200 million collapse of the the mining company in 2016, with the Queensland politician threatening a possible lawsuit against the liquidator and the funder that backed the claims, Vannin Capital.
An official employed with a local branch of the Finance Sector Union claims he was unfairly dismissed after resisting a union directive to send a delegation to a Victorian Labor party conference held in November at which delegates from the CFMEU staged a walkout.
A Sydney solicitor has won an $84,000 defamation judgment over two "indefensible" online reviews written by a building inspector who threatened to defame the lawyer "again and again".
AFT Pharmaceuticals is seeking to reopen a lawsuit against Reckitt Benckiser over ads for its painkiller Maxigesic after judgment was delivered in the matter, claiming the judge's declarations contained an error, an argument slammed by Reckitt as "extraordinary".
A judge has ruled in favour of live exporters in a class action against the Federal Government, finding a total ban on live cattle exports to Indonesia in 2011 was "capricious and unreasonable".