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A former financial advised has been sentenced to 10 years in prison for doing 'as he pleased' with $5 million in client funds that were earmarked for superannuation investments.
The judge overseeing the marathon Queensland floods class action has shot down a request by the defendants to submit new expert flood modeling reports, saying the "sophisticated litigants" would have to live with their earlier decision to pass on the chance to submit evidence in response to new reports by the plaintiff's expert.
The founder of JustKapital is considering adding Corrs Chambers Westgarth to a lawsuit he brought seeking nearly $1 million allegedly owed as part of a deal he made to step down as managing director from the litigation funder.
ANZ has reached a settlement in long-running class action proceedings alleging it hit customers with illegal fees, but the $1.5 million payout falls far short of the many millions IMF Bentham spent in funding the matter.
Customer credit card information and other personal details may have been stolen during a breach of Kathmandu's online system, the outdoor clothing retailer has revealed.
The Morrison government has backed down from a plan to end trailing commissions for mortgage brokers, a month after embracing the recommendation from the Banking Royal Commission.
E-retailer Catch Group has resolved a trade mark lawsuit it lobbed against a popular online classified ads provider over its "Catch of the week" and "Catch of the month" deals.
A judge has halted a lawsuit by an international law firm against a former director who formed a breakaway law firm with two Australian lawyers and lured lucrative oil and gas clients away from the firm.
Most of the country's major financial institutions have still not conducted a systemic review of their fees-for-no-service failures, according to ASIC, which called the delays "unreasonable".
The NSW Land and Environment Court has shot down attempts to further delay demolition work as part of the $729 million redevelopment of Sydney's Allianz Stadium.