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Government to introduce ban on grandfathered commissions
The Federal Government will introduce legislation Thursday that would ban the grandfathering of conflicted remuneration for financial advisors, after the banking royal commission suggested scrapping the practice.
NRL says Telstra wanted ‘tough action’ following player scandals
The National Rugby League has revealed major sponsor Telstra demanded "tough action" after the so-called “Summer of Hell” of player scandals, as it attempts to defend its no fault stand-down rule in an appeal launched by Dragons player Jack de Belin challenging his suspension.
Opal Tower unit owners launch multi-million dollar class action
A class action has been filed against a NSW state government-controlled entity over Sydney’s scandal-plagued Opal Tower, in a claim that is expected to seek millions of dollars of compensation on behalf of hundreds of apartment owners.
Ex-Tennis Australia’s Harold Mitchell wants ASIC’s evidence from deceased former director
Ex-Tennis Australia director Harold Mitchell, facing enforcement action by ASIC alleging he breached his duties in awarding Australian Open broadcast rights to the Seven Network, has asked a court for all evidence the regulator obtained from former board member Graeme Holloway, who died in February.
Stock exchange must hand over docs after investment firm’s suspension
A judge has given the all-clear to an investment management company to access evidence for potential legal action against the National Stock Exchange of Australia after the firm's shares were suspended without warning or explanation.
MediaCom exec claims he was fired for depression
One of the top executives of MediaCom has filed a lawsuit against the media agency claiming he was fired and also passed up for promotion after requesting flexible working arrangements to accommodate his worsening depression.
ACCC challenges court’s dismissal of ‘flushable’ wipes case
The Australian Competition and Consumer Commission has appealed a Federal Court judgment tossing its consumer case against Kimberly-Clark over "flushable" wipes.
Samsung Bioepsis sues to invalidate Humira biosimilar
Korean drug company Samsung Bioepis has filed a lawsuit seeking to invalidate German drug company Fresenius Kadi's patent for a biosimilar of blockbuster arthritis drug Humira.
Judge discontinues Queensland legal fees class action
A judge has discontinued a class action brought against a Queensland law firm over allegedly non-compliant conditional costs agreements, after finding no evidence that anyone other than the lead plaintiff was interested in bringing a claim.
Class action dropped against failed financial planner Navra Group
The applicants in a class action against Navra Group have dropped their case after group members settled their claims in a separate proceeding with the defunct financial planner's liquidators.