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ASIC has launched a bid to gain access to legal advice provided by Ashurst to Australia and New Zealand Banking Group in the regulator’s case over $35 million in allegedly illegal bank fees.
Appeals court overturns ban on Black Lives Matter protest
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The Court of Appeal for the NSW Supreme Court on Saturday overturned a ruling that banned this weekend’s Black Lives Matter protest, saying the rally was an authorised public assembly.
CBA hit with $5M penalty for overcharging customers
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A judge has approved a $5 million penalty against the Commonwealth Bank of Australia for overcharging customers $8 million in fees and interest on its agricultural products, despite previously expressing concerns that the penalty was “on the light side”.
Judge slams ‘deficient’ explanation behind $2.9M penalty in ACCC, HealthEngine case
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A penalty hearing in the ACCC’s case against health booking company HealthEngine over misleading online reviews has been adjourned after a judge criticised the parties’ joint submissions as “deficient” for failing to explain how a proposed $2.9 million penalty had been arrived at.
Game over: Sony to pay $3.5M for misleading PlayStation representations
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Gaming giant Sony has agreed to pay a $3.5 million penalty to settle proceedings brought by the ACCC for making misleading consumer representations to purchasers of PlayStation games.
Ex-Ferrari CEO tried to convince employee to have abortion, court papers show
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The former CEO of Ferrari Australasia allegedly tried to talk an employee with whom he was having an affair into terminating her pregnancy, according to his lawsuit alleging he was unfairly sacked for engaging in what was “routine” behaviour among the upper ranks at the prestige car maker.
Former Sirtex boss released on good behaviour bond after insider trading conviction
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The former CEO and director of biotech company Sirtex Medical was sentenced Thursday to 18 months’ imprisonment for insider trading but was released immediately on a three-year good behaviour bond.
‘Sins of omission’: Westpac’s money laundering breaches not deliberate, report says
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The failings that led to enforcement action against Westpac over 23 million alleged breaches of financial crime laws were ones of omission, and not the result of intentional wrongdoing, according to an independent report released by the bank on Thursday.
Toxic foam class action settlement hearing runs to second day, with ‘unusual’ number of objections
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The settlement of three class actions brought against the Commonwealth of Australia over its alleged use of toxic firefighting foam on government military bases is facing an unusually high number of objections, pushing an approval hearing into a second day as dissenters voice their concerns in court.
Robodebt recipients won’t be asked to waive class action claims
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Centrelink recipients eligible for a share of $721 million in refunds on debts paid as part of the controversial Robodebt scheme will not be asked to sign away their rights in an ongoing class action, but whether the Morrison Government will seek to shut down the case remains to be seen.