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ANZ loses appeal in ASIC case over $2.5B share placement
Appeals 2024-10-02 4:44 pm By Sam Matthews

ANZ has lost its appeal of a landmark decision finding it breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters during a $2.5 billion capital raising.

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ANZ, OnePath reach 11th-hour settlement in class action
Class Actions 2024-10-02 11:43 pm By Christine Caulfield

A settlement has been reached on the eve of trial in a class action against ANZ and OnePath alleging they slugged super fund members with excessive fees.

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Former OnePath chair ‘not cooperating’ in ANZ class action, court told
Class Actions 2024-07-23 1:59 pm By Cindy Cameronne

The ex-chair of former ANZ unit OnePath “has not been cooperating” in a class action alleging it breached its duties as a trustee of superannuation funds by slugging members with excessive fees to pay commissions to financial advisers, a court has heard. 

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Late tweaks to funding bids to be ‘held against’ firms in IC Markets beauty parade
Class Actions 2024-06-06 11:31 pm By Cindy Cameronne

A judge has warned two law firms competing to run a class action against IC Markets over risky contracts-for-difference that it will be held against them if they take a “holding position” on their funding proposals and attempt to negotiate their bids down later.

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Hastie liquidators lose appeal bid in $63.5M case against Multiplex, others
Construction 2024-05-27 2:34 pm By Cindy Cameronne

The liquidators of collapsed engineering company Hastie Group have lost their bid to appeal a decision that knocked out half its $120 million case against Multiplex, Lendlease and numerous other builders.

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ANZ says bailout by underwriters of $2.5B share placement not relevant to ASX
Securities 2024-05-23 11:41 pm By Sam Matthews

Challenging a ruling that it breached its continuous disclosure obligations, ANZ has argued on appeal that it did not need to inform the ASX of a bailout by the underwriters of a 2015 institutional share placement because the information didn’t go to the fundamental value of its shares.

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ANZ to face expanded claims in superannuation class action
Class Actions 2024-05-15 11:07 pm By Sam Matthews

A class action against ANZ and former subsidiary OnePath has been given the green light to “significantly expand” its case against the big four bank, over three years after the case was first filed.

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Class action against forex trader Best Leader Markets undefended, court told
Class Actions 2024-05-13 2:34 pm By Cindy Cameronne

A Perth-based forex trader that allegedly failed to return investors’ funds or any profits made on trading has taken no steps in the undefended class action, a court has heard.

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Refugee’s appeal fails over hotel detention found by court to ‘lack humanity’
Human Rights 2024-04-26 2:28 pm By Cindy Cameronne

A Kurdish refugee has lost his appeal seeking compensation for being kept in makeshift hotel detention centres for 14 months after a judge found the detention lacked “human decency” but was not unlawful.

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Clive Palmer’s case over compulsory examination an abuse of process, ASIC says
White Collar 2024-04-26 3:15 pm By Sam Matthews

The corporate regulator is seeking to stay proceedings brought by Clive Palmer challenging the lawfulness of a seven year-old compulsory examination being used in a criminal case against him, arguing the billionaire’s litigation is an abuse of process.

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