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On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers' superannuation with the bank.
A judge has dismissed a class action against ex-CBA unit Count Financial alleging that it breached it duty to act in clients’ best interests and ensure adviser remuneration was free of conflict.
ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused financial hardship applications to be ignored, conduct a judge has described as "shocking" and "truly scandalous".
A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop's case alleging the bank failed to protect customers from scams.
Construction PRO
A Qube unit and a developer have lost their $20 million claim alleging the Department of Defence failed to properly address asbestos contamination on leased land which was redeveloped into a terminal facility in Moorebank.
Construction PRO
A NSW Supreme Court judge has stayed civil proceedings relating to asbestos-contaminated mulch found in parks across Sydney amid ongoing criminal proceedings.
Construction PRO
AkzoNobel has had some success in its late bid to have Japanese oil company INPEX produce documents filed in related proceedings against its insurers in their dispute over allegedly defective coating used on the $45 billion Ichthys natural gas project.
Johnson Winter Slattery has hired a new partner for the firm's restructuring and insolvency team.
A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.