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The corporate cop has brought legal proceedings against the Commonwealth Bank's wealth management unit claiming it made misleading or deceptive statements to over 12,000 fund members during the transition to MySuper accounts.
The Federal Court of Australia has put a stop to all hearings listed up to June 30 and the High Court will not be sitting in April, May or June, the latest moves by the courts to reduce the risk to staff and visitors of exposure to the new coronavirus.
The Federal Circuit Court and Family Court in Sydney shut down on Tuesday after a family law practitioner advised of a positive COVID-19 test, but the courts said they would re-open on Wednesday.
The corporate watchdog has brought two post-Hayne Commission proceedings against the Commonwealth Bank of Australia, alleging it upped the credit limit of a known problem gambler and overcharged more than $8 million in fees on its agricultural lending products.
A judge has given his blessing to a $49.7 million settlement of two class actions that alleged infant food maker Bellamy's misled investors about its China growth strategy and declining market share in Australia.
The Law Council of Australia has come out against proposed Victorian legislation that would allow lawyers to charge contingency fees, saying lifting the current ban would compromise solicitors’ ethical duties to their clients.
Hong Kong-based casino group Melco Resorts must hand over documents claimed to be privileged to a NSW public inquiry into James Packer's Crown Resorts, with an appeals court ruling the inquiry had the power of a royal commission.
The ACCC has been given the go-ahead to continue its regulatory action against car rental company Australian 4WD Hire over allegedly threatening emails, three months after the firm went into voluntary liquidation.
The number of law firms forcing staff to work remotely in response to concerns about exposure to the new coronavirus has grown, with four firms making the decision Thursday to shut down floors or whole offices.
Victorian Attorney-General Jill Hennessy is "cautiously confident" that her bill allowing lawyers in the state to charge contingency fees will pass as early as next week, but the class action reform couldn't come soon enough, she says.