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Judge slams notice of ‘very light’ GetSwift class action settlement
Class Actions 2021-10-18 3:58 pm By Miklos Bolza

A judge has criticised a proposed settlement notice in a shareholder class action against GetSwift for failing to inform group members of how much they […]

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ASIC launches action against Insurance Australia over $60M in promised discounts
Insurance 2021-10-15 12:07 pm By Bianca Hrovat

The Australian Securities and Investments Commission has accused the largest general insurer in Australia of short-changing its customers a staggering $60 million in promised discounts, […]

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Former CoCo Joy boss charged with running company while disqualified
White Collar 2021-10-14 1:15 pm By Bianca Hrovat

The former CEO of failed coconut water venture CoCo Joy, which once sponsored the Manly-Warringah Sea Eagles NRL team, faces charges he managed the company […]

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CBA’s Colonial agrees to $20M penalty for misleading MySuper statements
Financial Services 2021-10-12 5:43 pm By Bianca Hrovat

The Commonwealth Bank’s wealth management unit has agreed to cough up $20 million in penalties for misleading thousands of fund members during the transition to […]

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ASIC strips embattled accountant Vanda Gould of financial services licence
Financial Services 2021-10-12 6:11 pm By Bianca Hrovat

The Australian Securities and Investments Commission has cancelled the licence of embattled former accountant Vanda Gould. The 73-year-old, who is serving a six year sentence […]

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ANZ wins access to JPMorgan settlement chats in cartel case
Competition & Consumer Protection 2021-10-11 2:49 pm By Miklos Bolza

A judge overseeing a cartel case over a $2.5 billion ANZ share placement has granted ANZ’s bid for unredacted documents which the bank says will […]

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ASIC takes superannuation trustee Diversa to court
Financial Services 2021-10-11 4:14 pm By Bianca Hrovat

The Australian Securities and Investments Commission has launched court proceedings against superannuation trustee Diversa for allegedly failing to take appropriate action in response to a […]

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IOOF unit loses bid to strike out ASIC’s cybersecurity case
Privacy & Cybersecurity 2021-10-07 1:26 pm By Cindy Cameronne

IOOF unit RI Advice has lost its bid to strike out ASIC’s novel case claiming it failed to protect its clients against cybersecurity risks, but […]

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AMP denies responsibility for licensees’ conduct in ASIC’s fees-for-no-service case
Financial Services 2021-10-01 8:59 pm By Cindy Cameronne

Financial services provider AMP has hit back at ASIC’s civil penalty action alleging it charged super members fees for no service, saying it was not […]

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Managed investment scheme rules stall $78M class action against NAB, Walton
Class Actions 2021-09-30 12:40 pm By Miklos Bolza

A $78 million class action against National Australia Bank and Walton Construction seeking compensation for sub-contractors after the company’s collapse has halted as lawyers scramble […]

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