A judge has signed off on a $7.2 million penalty against Dixon Advisory after the company admitted to ASIC allegations that its advisors failed to act in its clients’ best interests by recommending they invest in a risky US-based real estate investment fund.
Westpac has criticized the lead applicant in a class action filed in the wake of AUSTRAC proceedings for the “disorderly” conduct of the lagging proceedings, with discovery yet to be finalized as the case nears its third anniversary.
The past financial year saw 54 class actions filed in Australia — the lowest number since 2017/2018, a new report shows.
Vocational education provider Box Hill Institute has reached an in-principle settlement in a class action by disgruntled students who allege the licences they obtained through the institute did not provide them with the requisite knowledge or training to obtain a commercial pilot’s licence.
Aussie Home Loans is facing a class action investigation for allegedly selling “essentially worthless” policies to homeowners.
The NSW gaming regulator has found Star Entertainment is unfit to hold a casino licence and has threatened disciplinary action after uncovering anti-money laundering breaches and “inherently deceptive” misconduct.
A judge has approved an opt-out notice in a class action against retirement home provider Aveo Group that advises of a proposed application for a controversial funding order that would put a lien on some group members homes.
A judge has ordered Scenic Cruises to pay just over $10 million to travellers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus from city to city.
Law firms Slater & Gordon and Phi Finney McDonald are seeking a 22 per cent cut of any recovery in a consolidated shareholder class action against food company Noumi and its auditor Deloitte over $590 million in accounting irregularities.
A class action against cruise operator Carnival PLC over the 2020 COVID-19 outbreak aboard the Ruby Princess will ask the High Court to hear a challenge to a decision that found a class action waiver for foreign passengers was not unfair.