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CBA unit faces penalty for misleading superannuation members
Financial Services 2021-09-08 2:25 pm By Miklos Bolza

Commonwealth Bank of Australia unit Colonial First State Investments is facing penalties after the Federal Court found it misled its customers about their rights and […]

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Shareholders fail to prove loss from Babcock & Brown disclosure breaches
Financial Services 2021-09-06 11:49 am By Christine Caulfield

Shareholders of the collapsed Babcock & Brown have failed in their challenge to a ruling tossing their cases for damages for disclosure breaches during the […]

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$19.6M legal bill in 7-Eleven class actions doesn’t warrant contradictor, court told
Class Actions 2021-08-24 4:15 pm By Cindy Cameronne

A $19.6 million legal bill racked up by the law firm behind two 7-Eleven class actions accusing the convenience store chain of misleading franchisees did […]

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Banks lose cases against directors over $2.8B collapse of steel giant Arrium
Restructuring & Insolvency 2021-08-17 12:15 pm By Christine Caulfield

A judge has dismissed two cases brought by the Commonwealth Bank, Westpac and other lenders against directors of the failed steel giant Arrium, saying he […]

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Oaktree unit must join Marlin’s shareholders to $135M breach of warranty case
Corporate 2021-08-11 6:34 pm By Cindy Cameronne

A unit of Oaktree Capital Management has been ordered to join all former shareholders of consumer brand wholesaler Marlin Brands as defendants in a case […]

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Crane maker NQCranes blasts ACCC’s ‘bizarre’ new claims in cartel case
Competition & Consumer Protection 2021-07-26 5:26 pm By Christine Caulfield

Queensland crane company NQCranes wants to strike out the bulk of the ACCC’s amended case alleging a conspiracy with a multinational rival to divide the […]

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ACCC launches action against milk processor Lactalis for dairy code breaches
Competition & Consumer Protection 2021-07-26 3:40 pm By Christine Caulfield

The ACCC has brought Federal Court action against major milk processor Lactalis Australia, the regulator’s first case for breaches of the dairy code of conduct. […]

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Law firm Levitt Robinson agrees to take down Google ads for Aveo class action
Class Actions 2021-07-23 2:41 pm By Miklos Bolza

Law firm Levitt Robinson has agreed to remove a series of Google ads promoting a class action against retirement home provider Aveo Group on behalf […]

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Westpac’s profits relevant, judge says in imposing $3M fees-for-no-service penalty
Financial Services 2021-07-22 9:35 pm By Christine Caulfield

Westpac has been ordered to pay $3 million after two subsidiaries admitted misleading hundreds of superannuation customers about the financial adviser fees they were charged, […]

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Allianz says joint class action would eliminate competition in contingency fee rates
Class Actions 2021-07-16 3:21 pm By Christine Caulfield

Consolidation of two consumer class actions against Allianz would do away with competition in a contest to lead a single case that would force a […]

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