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A banned financial advisor who is suing former employer AMP Financial Planning for alleged unconscionable conduct is seeking to join AMP Bank to the case, claiming it made fraudulent misrepresentations.
A judge has ruled that former Noumi CEO Rory Macleod failed to ensure the company complied with its financial reporting obligations, but found several of the corporate regulator’s claims fell flat.
Gold producer Evolution Mining has won an initial trial against the Australian Tax Office over a purported decision to cancel the transfer of $31 million in tax losses after it acquired Conquest.
A judge has ordered a class action against Fitch to fork over $12.4 million in security, refusing to discount the sum for what the class action called the company's 'Rolls-Royce' defence.
A class action against CMC Markets has agreed to provide an additional $6.5 million in security, with the parties avoiding a contested hearing over the online trader's bid for $8.6 million.
CMC Markets has avoided production of unredacted solicitors' invoices to support a bid for $8.6 million to cover costs in a class action, despite the applicant arguing the trading platform's legal team was "top-heavy” and the security application unprecedented.
Construction PRO
A judge has refused a bid by the director of property developer Vantager to stay orders to sell his property while he appeals a decision finding him liable for a “brazen fraud” after a $45 million sale was negotiated for a Denham Court property that was only worth $10.8 million.
Kicking off its case against former Noumi CEO Rory Macleod, ASIC has told the court that Macleod was clearly aware of the "dramatic" difference between actual available stock and what was reported to the market in 2019 and 2020.
A judge's public shaming of colleagues for delays in judgment delivery was an "extraordinary intervention" that risked undermining confidence in the judiciary, an expert warns, as the federal Attorney-General says a judicial commission remains under consideration.
An outspoken Federal Court judge has taken some of his colleagues to task over the slow delivery of judgments, naming six of his fellow jurists for a "most regrettable state of affairs".