An issuer of Gold Coast-based cryptocurrency Qoin may be hit with a class action by investors claiming it is a “token of no utility”.
A judge has ordered a class action against AMP to provide more detail in its case accusing the financial services firm of failing to disclose information to shareholders about allegedly misleading ASIC and charging clients fees for no service.
The Australian Competition and Consumer Commission has warned public agencies not to encourage businesses to coordinate bids for tenders, saying an investigation showed government departments had “contemplated cooperation” by competitors.
BlueScope general manager Jason Ellis made executives of a steel distributor “extremely uncomfortable” in a meeting where he presented the steel giant’s price list, a court hearing the ACCC’s price-fixing case was told Monday.
A national law firm has been found liable to pay $13 million in damages for giving negligent advice to a former client that led to a botched sale of its business to Woolworths and caused it to go into administration.
Thirteen Victorian silks have expressed “deep concern” over a bill proposed by the Andrews government giving the health minister power to make “pandemic orders”.
iSignthis CEO John Karantzis claims the ATO misled the court when it sought a freezing order over his assets in a dispute over an alleged $10.7 million tax debt, saying the tax office failed to give the judge “material” information.
Big Six law firm Gilbert + Tobin has announced it will give all legal staff who have been with the business since July a ten per cent pay rise and increase parental leave to 26 weeks to lure talent in a competitive market.
ASIC has flagged it may take regulatory action against super fund executives and directors for switching personal investment options using insider information.
Two law firms accused of providing negligent advice to Dover Financial over a so-called client protection policy found to be “highly misleading” have argued the defunct financial advisor should not be able to recover the $1.2 million penalty it was ordered to pay.