NAB is facing a human rights suit from a senior employee who alleges she was subject to years of discrimination because of her race, gender and French nationality and bullying, including having a baseball bat brandished at her.
IOOF unit RI Advice has agreed to settle novel proceedings brought by the Australian Securities and Investments Commission claiming it failed to protect its clients against cybersecurity risks.
The husband of Sydney conwoman Melissa Caddick has staked his claim to a share of his late wife’s estate, and asked the court to deliver up a bundle of property, including Caddick’s Gucci wedding dress.
In yet another blow for the embattled wealth manager, the Australian Securities and Investments Commission has suspended Dixon Advisory’s financial services licence.
The applicants in a protracted class action against the Commonwealth Bank of Australia brought by borrowers who claim they were forced to default on their commercial loans have lost a bid to amend their pleadings, six years after the case was filed.
A lawyer for Forum Finance director Bill Papas has argued the alleged fraudster should be able to shield documents held by his former lawyer under a claim for legal professional privilege despite being a “fugitive” from contempt charges.
The parents of Sydney fraudster Melissa Caddick have staked their claim over her $2.6 million Edgecliff home, which they say they have lived in since 2017 according to a binding agreement with their daughter.
A judge has signed off on a $20 million penalty against Westpac subsidiary BT Funds Management for improperly charging 9,000 members insurance premiums that included commissions to financial advisers, a practice that was banned in 2013.
Insurance Australia Group is investigating the underwriter behind an allegedly unauthorised trade credit policy issued to Greensill Capital, according to a defence by the insurer in a $43 million case brought by a Credit Suisse supply chain fund left heavily exposed after Greensill’s collapse.
The trustee of Mayfair Group’s collapsed IPO Wealth Fund has reached an in-principle settlement in a class action alleging it misled investors, who lost $86 million when the fund was wound up.