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Despite assurances, wealth manager Insignia Financial did not engage PricewaterhouseCoopers to review the performance of its 'Buy Model" investment portfolio after an equities analyst complained it had been overstated, a court overseeing a shareholder class action trial has been told.
The parents of deceased fraudster Melissa Caddick will take $950,000 to move out of a multi-million dollar property in Sydney’s East, which will now be sold by receivers.
Westpac, Macquarie and ANZ are seeking class closure orders ahead of mediation in three class actions over flexible commissions schemes, telling a court hearing they will be “completely at sea” without a better idea of the class size.
Buy now, pay later giant Zip Co has successfully defended a lawsuit over its use of Firstmac's 'Zip' trade mark and won its bid to have the mortgage provider’s mark removed for non-use.
The director of a Sydney law firm has lost a bid to challenge a decision of the NSW Legal Services Commissioner, which slapped him with a caution for a failure to act courteously after he told a disgruntled client “don’t expect I’ll put up with crap” in a tense email exchange.
A judge has allowed a discrimination case brought by a transgender woman who was excluded from female social network Giggle for Girls to be brought out of time, finding there was a public interest in determining the “metes and bounds” of Gillard-era amendments to the Sex Discrimination Act.
The Tax Practitioners Board says that PricewaterhouseCoopers ignored its request for the names of nine partners put on leave in the wake of the tax leak scandal that has rocked the firm, with the regulator saying former executive Peter Collins was not the only partner who misused confidential information.
A class action of bond holders accusing Virgin Australia of failing to disclose its true financial position in a 2019 prospectus for a capital raising wants a contentious indemnity clause in the airline's DOCA narrowed, in proceedings a judge has said “increasingly resemble a farce".
Bank of Queensland has been called out by two regulators over its compliance with anti-money laundering and counter-terrorism financing laws and its risk management practices.
A lawsuit by the liquidators of Sargon Capital alleges law firm King & Wood Mallesons “refused or neglected” a demand to return over $540,000 in alleged unfair preference payments and should have known the fintech was insolvent when the payments were made.