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Commonwealth Bank units CommSec and Australian Investments Exchange have been ordered to pay more than $27 million for “serious and unacceptable” system failures that led to excessive fee charges for customers.
Albanese budget invests $360M in anti-corruption commission, First Nations legal aid
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A historic $99 million package has been committed for legal programs for First Nations people in the Albanese government’s inaugural budget, which also earmarks $263 million to establish a national anti-corruption commission and scope out a federal judicial commission.
Facebook flags potential conflict of interest in cryptocurrency ad class action
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Facebook owner Meta wants to uncover the basis on which crypto tokens have been issued to bankroll a class action over its 2018 ban on cryptocurrency ads, citing the potentially conflicted interests of the self-represented lead applicant.
ASIC sues Qoin issuer, says crypto-asset could ‘harm consumers’
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The Australian Securities and Investments Commission has brought proceedings against a Sydney-based issuer of Qoin that is also facing a class action, alleging it misled customers about the unregulated and ‘inherently risky’ crypto-asset.
Charges laid against Brisbane lawyer over $4.5M money laundering scheme
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A prominent criminal lawyer has been charged with supplying millions of dollars in criminal proceeds as part of a $4.5 million money laundering scheme.
Medibank data breach revealed to be wider than first thought
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The fallout from a cyberattack against Medibank continues, with the health insurer revealing sensitive claims data was accessed for customers of its main Medibank branch.
Kanye West takes beef with Melbourne restaurant to court
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Melbourne restaurant College Dropout Burgers has been hit with a lawsuit by Kanye West for allegedly using the controversial rapper’s name and likeness without permission.
Class action against NAB over Walton collapse can’t add insolvent trading claim
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A judge has rejected a bid to add an insolvent trading claim to a $78 million class action over the collapse of Walton Construction, citing “extraordinary” delays in the three-year-old case.
Judge wants delayed Sydney light rail class action finished by year’s end
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A class action trial over Sydney’s $3 billion light rail has been pushed off to next month after the applicant’s eleventh-hour amendments, but a judge has warned the parties they should wrap up the case by the end of the year..
Law firm can’t amend defence in negligence case by teacher wrongly jailed for abuse
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A law firm, who along with Piper Alderman and one other firm, is being sued for negligence by a schoolteacher wrongly jailed for the indecent assault of two children has lost a bit to amend its defence at the commencement of the trial.