Equity Trustees has sued asset manager Tactical Global Management seeking millions in compensation for losses allegedly stemming from over-hedging trades.
A judge has ordered timeshare company Ultiqa Lifestyle Promotions to pay a $900,000 penalty for cornering consumers into investing thousands in a timeshare scheme that many could not afford.
The corporate regulator has placed interim stop orders on three crypto funds distributed by Holon Investments Australia Limited, citing the need to protect investors from sinking money into funds that may be too risky and speculative.
A judge has tossed a broker’s lawsuit against NAB and its former subsidiary FAST, finding the bank was entitled to terminate its accreditation over the use of a banned broker’s trail book.
Insurer QBE has settled a class action over ANZ’s sale of allegedly worthless add-on insurance, and the applicants are “hopeful” that the bank and two other named insurers will soon reach a deal to resolve the claims against them.
Defence shipbuilder Austal and its CEO have agreed to pay a combined $700,000 in penalties for violating the Corporations Act by failing to notify the market of a US$90 million writeback related to the company’s $3.5 billion US Navy warship program.
Woolworths unit MyDeal has begun contacting 2.2 million customers whose data has been compromised in the latest data breach to hit a major Australian company.
Property developer Deicorp has secured a win in a lawsuit brought by a Hong Kong real estate billionaire after Deicorp reneged on a $45 million property deal, with a judge finding the purchaser failed to properly nominate its special purpose vehicle under the contract for sale.
Ten’s general manager, Brisbane has filed a lawsuit alleging the media company owes her $330,000 in bonuses.
Retail Food Group has filed an application to shut down a class action by former franchisees of its Michel’s Patisserie chain who claim to have suffered losses stemming from changes to the franchise giant’s supply chain in 2015 and 2016.