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A software company is suing a subsidiary of AMP for breach of contract after the financial services firm allegedly induced 11 employees to jump ship after licensing its online advisor platform.
A judge has declined to put a Maurice Blackburn-led class action against AMP on hold while the High Court decides whether to overturn a ruling awarding the firm carriage of the matter following a high-stakes battle against three other law firms.
The identity of a Big Six partner to whom a former AMP lawyer allegedly criticised her superior has been revealed in court during a heated exchange between the barristers in the unfair dismissal proceeding.
Repeated suggestions of a planned strike out application are being used as a "threat" by four AMP subsidiaries and two trustees in a consolidated class action over allegedly excessive superannuation fees, a court has heard.
The power of courts to choose a single winner from a contest of competing class actions is not the likely target of the High Court in taking up a challenge to last year's beauty parade of shareholder proceedings against AMP, but the analysis behind the decision to award Maurice Blackburn the prize could face scrutiny, experts say.
The High Court has agreed to weigh in on a decision last year to pick Maurice Blackburn's case as the winner of a beauty parade of shareholder class actions against AMP over the wealth manager's controversial fees for no service.
A former general counsel who claims she was sacked from AMP after raising concerns about the company's fees for no services conduct has mostly succeeded in her bid for further particulars of allegations made in the company's defence, including a claim that she called "tantamount to extortion".
Two units of AMP have paid a $536,000 penalty for failing to report derivative transactions, with the Australian Securities and Investments Commission slamming the company for "serious inadequacies" in its reporting processes.
An individual claimant accusing AMP Financial Planning of ignoring multiple attempts to gain remediation for alleged insurance re-writing conduct was granted permission to voice his displeasure in court, while ASIC and AMP grapple with the details of a remediation program for insurance churn victims.
Former AMP general counsel Larissa Cook, who is suing the financial services giant for alleged bullying, wants her former employer to provide details of claims in its defence that senior executives raised concerns about her conduct and that her performance was being "managed".