E&P Financial Group says it will defend a class action brought against it, subsidiary Dixon Advisory and director Alan Dixon, alleging they reaped millions of dollars in fees by pushing unsuitable financial products onto investors.
Financial services company Dixon Advisory has been hit with a class action for allegedly pushing financial products onto investors that it stood to reap hundreds of millions of dollars in fees from and failing to disclose its alleged conflict of interest.
A judge has declined to quash the indictment in a high-profile criminal case over a $2.5 billion ANZ share placement but sent prosecutors back to the drawing board to remedy its defects, calling the state of affairs “a complete shemozzle”.
JPMorgan’s general counsel for Australia and New Zealand was allowed to sit in on witness interviews during an ACCC cartel investigation into ANZ’s $2.5 billion share placement despite allegedly being involved in the cartel conduct, a judge has heard.
A court has struck down a bid by unvaccinated nurses to restrain Monash Health from terminating their employment in accordance with the Victorian COVID-19 public health directions requiring them to be vaccinated, saying their case is “at best, weak”.
A group of 134 workers in healthcare, education and construction have argued a judge should grant them a temporary exemption from Victoria’s direction mandating essential employees be vaccinated against COVID-19 to work outside their homes.
A judge has left open the possibility that aggregate damages could be awarded in a class action against US auto giant Ford on behalf of 185,000 vehicle owners over their defective cars.
A judge has rejected part of IVF provider Virtus Health’s bid for redactions in a recent decision from the court temporarily blocking the company from purchasing rival Adora Fertility, saying some of the confidentiality claims were “staggering” and “border on ridiculous.”
The High Court has found a 15 per cent ‘backpacker tax’ imposed on holders of Australian working holiday visas violates a double taxation agreement between Australia and the UK.
If enacted, the latest class action reform bill before federal parliament will significantly alter the conduct and the outcomes of group litigation across all courts of Australia, and affect access to justice by creating a risk that worthy class actions won’t run, say Law Council of Australia class action committee members Lachlan Armstrong QC and Dr Peter Cashman.
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