A judge has denied defunct insurance broker All Class Insurance its bid for indemnity cover for the alleged theft of company funds by its director, finding the director misappropriated trust funds and fraudulently did not disclose the conduct to insurer Chubb Insurance.
Zurich Group life insurance subsidiary OnePath Life will refund $35 million to 40,000 customers who were sold life insurance over the phone and were subject to “egregious” sales practices.
Investment banks accused in the criminal cartel case over a $2.5 billion ANZ share placement will not lose their right to a fair trial with the release of a judgment finding the prosecutors’ indictment deficient, a judge has ruled.
Media companies seeking access to the ABC’s unredacted defence in a now-settled defamation case brought by Christian Porter told a judge the principle of open justice required that the pleading be made public, while the former attorney-general argued there was no “superior” public interest in airing the document.
The Federal Minister for the Environment has announced plans to appeal a Federal Court judgment that found the government has a duty of care to protect Australian children from the impacts of climate change.
The Federal Court has ordered the winding up of Forum Finance, which has been accused by Westpac and French investment bank Societe Generale of a $263 million fraud, as details of the company’s jetsetting director’s planned return to Australia from Europe remain murky.
NSW Deputy Premier John Barilaro will seek to strike out YouTube star Jordan Shanks’ defence to a defamation lawsuit which argues the imputation that the Nationals leader is a “corrupt conman” is substantially true.
Dixon Advisory has agreed to pay a $7.2 million penalty after admitting to ASIC’s allegations that it failed to act in its clients’ best interests on 53 occasions.
A judge has approved a $50 million settlement in a shareholder class action against failed training company Vocation and auditor PricewaterhouseCoopers, but questioned whether the $10.9 million commission and $12.75 million legal bill could have been “materially lower” had the case been run by one funder and firm instead of two.
The company that manufactures men’s briefs under the brand name Tradie is being sued by a rival, alleging it misled consumers by claiming the underpants were the “Aussiest undies ever”.