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Vanguard Investments has been ordered to pay a penalty of almost $13 million for misleading the public about its $1 billion “ethically conscious” hedge fund.
Macquarie Bank fined almost $5M for market gatekeeper failures
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Macquarie Bank has been fined a record $4.995 million for failing to stop the placement of suspicious orders on the electricity futures market.
High Court asked to tackle lawyers insurance ‘monopoly’ in NSW
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An insurer has asked the High Court to hear an appeal with implications for competition in the “monopolised” market for lawyers professional indemnity insurance in New South Wales.
Pesutto admits sharing Deeming settlement talks with Jeff Kennett
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Victorian Liberal leader John Pesutto has admitted to sharing with ex-state premier Jeff Kennett aspects of settlement discussions with ousted party member Moira Deeming.
Ex-MP Andrew Laming tells High Court fine for Facebook posts ‘excessive’
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Former Liberal MP Andrew Laming has gone to the High Court after being hit with a $40,000 fine for failing to disclose that he was behind three politically motivated Facebook posts.
CSR Bradford to hand over docs for possible competition case
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Building insulation supplier CSR Bradford will provide discovery to Consolidated Energy after the independent distributor foreshadowed action alleging misuse of market power.
Dentons investigating ex-partner’s claims against Australia chair
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Dentons is facing a lawsuit by a former partner who alleges the law firm’s Australian chair emailed him a conspiracy-laden anti-vaccine pamphlet.
High Court asked to overrule Brewster in solicitors’ CFO case
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If it takes up the Federal Court’s ruling in favour of solicitors seeking to earn a cut from a class action, the High Court will be asked to overrule its 2019 decision against common fund orders.
Ex-Linchpin director loses appeal of $150,000 penalty
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The director of collapsed investment firm Linchpin Capital has lost his challenge to a $150,000 penalty, with an appeals court dismissing his arguments as “carping criticism”.
Suit alleges barrister used $1.3M of his company’s funds for chambers fees
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Shareholders in lending platform Marketlend can bring a derivative suit against its directors for allegedly misusing company funds, including spending $1.3 million on barrister chambers fees.