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A judge has approved a $35 million penalty against HSBC in ASIC’s novel case over the bank's scam protection failures, despite questioning whether the punishment was severe enough given how long the case took to settle.
HSBC has agreed to pay a $35 million penalty in ASIC proceedings after it admitted to serious failures in protecting customers from scams, but a judge is questioning whether the penalty is high enough.
A judge has declined a funder’s bid for a $43 million payout in a class action accusing Colonial First State of charging excessive premiums, saying it was entitled to a 27.5 per cent commission but not $4.5 million for after-the-event insurance.
The ACCC wants to exclude parts of caravan maker Jayco’s expert design evidence in a case over alleged misleading representations that its vehicles were suitable for off-road or four wheel drive use.
A judge has approved a settlement with KPMG in a shareholder class action over the collapse of mining company CuDeco, as well as a distribution scheme that will see payments to the funder but not group members.
A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s failed Shield Master Fund.
The declaration of Melbourne’s CBD as a location permitting random searches was “incompatible with human rights”, a judge found Friday, although she tossed a related constitutional challenge.
Electronics maker Hisense has won an appeal of a finding that it breached the Fair Work Act by failing to provide a worker with an employment contract, with a judge ruling the Act did no prescribe the form in which employment details must be kept.
The declaration of Melbourne's CBD as a designated area permitting increased police search powers was justified to prevent violence, the Victoria government told a court Friday.
Protesters challenging Melbourne CBD's ‘designated area’ status claim enhanced Victoria Police search powers were a "significant" breach of their rights, a court heard on the first day of trial Thursday.