A tribunal has set aside a life-long ban of a successful former ANZ financial advisor accused by ASIC of lying about his qualifications, saying the advisor’s “insight into his own behavior” had changed.
Boutique law firm Kalus Kenny Intelex has escaped contempt of court charges sought by the corporate watchdog alleging it breached orders freezing the assets of clients allegedly involved in a binary options scam.
A judge has shot down a Perth businessman’s argument that an email forwarded by a Gadens lawyer from ASIC alerting him that he had been disqualified from serving as a director did not constitute proper notification.
In what is believed to be an unprecedented move, logistics tech startup GetSwift has named law firm Squire Patton Boggs as a “concurrent wrongdoer” in the company’s defence of a shareholder class action.
The judge overseeing the administration of Provident Capital has invited debenture holders to object to the company’s receivers staying on after their firm completes its merger with PricewaterhouseCoopers, Provident’s former auditor which has also been named as a cross-defendant in two class actions over Provident’s collapse.
Lawyers in the turf war over five competing AMP class actions have agreed to a temporary peace accord after the battleground edged close to the realm of the absurd, with a threatened anti-anti suit injunction being met with calls for an anti-anti-anti suit injunction.
Australia is not the haven for class actions that critics have claimed, according to a new report that shoots down the notion that the country is just behind litigation-happy US when it comes to targeting corporations in court.
A trial is set to kick off at the end of July in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees’ mismanagement of debenture issuer Provident Capital.
Multiple class actions against troubled sandalwood oil producer Quintis will soon compete to stay alive after a court heard Tuesday the company would bring an application to stay or consolidate the cases.
The plaintiffs in a shareholder class action against Commonwealth Bank have taken another stab at their statement of claim, after a judge struck down the part of their pleading alleging the bank’s systems for assessing money laundering and terrorism financing risk were deficient.