Please login to bookmark Close
The corporate watchdog has brought proceedings against the former director of collapsed cryptocurrency exchange platform Blockchain Global for alleged violations of his directors duties.
Banksia receiver mulls release bid from case by class action members
Please login to bookmark Close
The receiver appointed a decade ago to claw back money for investors in failed Banksia Securities might seek the protection of a court order releasing him from proposed new proceedings, which would also target lawyers alleged to have breached their overarching obligations.
Court joins Harvey Norman class actions, appoints costs monitor
Please login to bookmark Close
A judge has approved a bid by two law firms to join forces in class actions against Harvey Norman, but has ordered that a costs monitor be appointed to protect against duplication.
TerraCom dragged into suit over alleged false coal certificates
Please login to bookmark Close
Coal producer TerraCom has been joined to a lawsuit brought by Korean Midland Power against a unit testing lab ALS Limited over allegedly exaggerated coal testing results.
IG Markets class action drops conflicted remuneration claims
Please login to bookmark Close
A class action against online trading platform IG Markets over alleged risky contracts for difference has dropped its conflicted remuneration claims after the court heard it was struggling to find a sample group member.
Class action says AMP did ‘nothing’ for 12 years to get better rate for super clients
Please login to bookmark Close
On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers’ superannuation with the bank.
Judge tosses financial advice class action against ex-CBA unit
Please login to bookmark Close
A judge has dismissed a class action against ex-CBA unit Count Financial alleging that it breached it duty to act in clients’ best interests and ensure adviser remuneration was free of conflict.
‘Better than nothing’: Judge OKs class action payout in Qoin
Please login to bookmark Close
A judge has approved a settlement in a class action against crypto firm BPS Financial that gives group members and the funder alleged worthless Qoin, an outcome described as “better than nothing”.
REA Group faces investigation by competition regulator
Please login to bookmark Close
Real estate listings giant REA Group on Tuesday confirmed media reports of an investigation by the Australian Competition and Consumer Commission.
3A can’t duck cross-claim over cladding at Botany Bay towers
Please login to bookmark Close
Cladding maker 3A Composites has lost its bid to set aside a cross-claim in a suit against the builder of the Tempo residential towers in Botany Bay over allegedly flammable aluminium composite panels.