Westpac’s RAMS taken to court over ‘widespread’ misconduct across franchise network

Posted on by Julia Kanapathippillai
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Westpac’s mortgage subsidiary RAMS Financial Group faces penalty proceedings by the corporate regulator after admitting to “widespread” misconduct.

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Parkview reaches settlement in Australia Towers cladding case

Posted on by Julia Kanapathippillai
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Parkview Constructions has reached a settlement in an owners corporation’s lawsuit over allegedly combustible cladding at the Australia Towers in Sydney Olympic Park.

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Roberts Co sued for failing to pay $3.2M claim submitted two hours late

Posted on by Andy Sidler
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A contractor who worked on the Westmead Children’s Hospital is seeking orders compelling Roberts Co to make a $3.2 million progress payment, arguing service past business hours on Friday was still Friday service. 

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Builder sues over Hermitage Engadine development

Posted on by Sam Matthews
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The owner of an Engadine site being developed into an apartment complex has been sued by the project’s builder, who seeks over $2 million in allegedly unpaid progress payments as well as damages for breach of contract. 

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Cabramatta property developer can’t rely on assumptions in defects spat with owners

Posted on by Andy Sidler
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A judge has ruled that the owners corporation of a 20-unit development in Cabramatta is entitled to damages from the developer over defects, after promised rectification works were not carried out by an agreed date.

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Mayne Pharma to challenge termination of $672M takeover in court

Posted on by Cat Fredenburgh
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Mayne Pharma has said it will file a court challenge to the validity of US drug maker Cosette Pharmaceuticals’ purported termination of a $672 million takeover offer.

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Philips accused of knowing supply of dangerous CPAP machines

Posted on by Andy Sidler
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The Therapeutic Goods Administration has launched legal action against Philips Electronics for allegedly supplying CPAP and BiPAP devices, used to assist individuals with sleep apnea, which it knew posed risks to users. 

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HSBC manager found bank had ‘no understanding’ of liability under ePayments Code, court told

Posted on by Sam Matthews
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ASIC has expanded its case alleging HSBC failed to protect customers from scams, revealing a compliance manager at the bank had found that teams tasked with monitoring unauthorised transactions “had no understanding” of the liability provisions in the ePayments Code.

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