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APRA won’t appeal loss in IOOF case
Financial Services October 17, 2019 5:08 pm By Cat Fredenburgh

The Australian Prudential Regulation Authority will not challenge a Federal Court ruling that dismissed its case against fund manager IOOF as “unpersuasive”, “fundamentally inadequate” and […]

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Crown Resorts, ATO settle $396M dispute over botched US expansion
Tax October 17, 2019 9:15 pm By Miklos Bolza

Crown Resorts has settled its feud with the Australian Taxation Office over a $396 million tax bill stemming from the acquisition of Las Vegas-based Cannery Casino Resorts as part of the company’s failed North American expansion.

Medibank admits to violating consumer law with insurance cover fail
Competition & Consumer Protection October 16, 2019 1:11 pm By Cat Fredenburgh

Health insurer Medibank has admitted to engaging in misleading and deceptive conduct when it falsely told consumers they were not eligible for certain coverage under […]

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NAB case against Human Group could prejudice Helen Rosamond, judge says
White Collar October 16, 2019 3:29 pm By Cat Fredenburgh

A judge has hit pause on National Australia Bank’s case against Helen Rosamond’s executive services company Human Group over an alleged $42.4 million fraud against […]

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Surfstitch agrees to settle shareholder class actions, again
Class Actions October 15, 2019 3:40 pm By Cat Fredenburgh

Online fashion retailer Surfstitch has reached an in-principle settlement in two shareholder class actions, about nine months after an initial agreement to resolve the dispute […]

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Sydney Metro loses bid for Tiffany & Co chats in dispute over flagship store
Real Estate October 15, 2019 10:52 am By Miklos Bolza

High-end jewellery retailer Tiffany & Co has won its bid to block Sydney Metro from accessing privileged documents in a dispute over the compulsory acquisition […]

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Ex-fintech CEO wins $2.2M in damages after unlawful dismissal
Employment October 14, 2019 5:58 pm By Amelia Birnie

The former CEO of financial software firm GBST has been awarded more than $2.2 million in damages, with a court finding he was wrongfully terminated […]

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Court can order security against funders in Fair Work class actions, judge rules
Employment October 8, 2019 9:36 pm By Miklos Bolza

A landmark ruling has found judges have the power to order security against litigation funders backing Fair Work class actions, in a decision that could […]

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‘Fundamental misapprehensions’: Suncorp strikes back at class action over conflicted remuneration
Class Actions October 7, 2019 3:09 pm By Miklos Bolza

The Suncorp Group unit and directors at the centre of a class action over allegedly conflicted remuneration have slammed the case as “misconceived” and argue […]

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Westpac gives court more reasons to uphold win in ASIC’s responsible lending case
Appeals October 7, 2019 1:41 pm By Miklos Bolza

Westpac has offered an appeals court two more reasons to affirm its victory in a closely watched responsible lending case brought by the Australian Securities […]

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