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A former Sigma Healthcare executive has been sentenced to a suspended term of 14 months' in prison after pleading guilty to trading on insider information.
Macquarie Bank has denied liability for a financial adviser’s theft of $2.9 million in customer funds, which the Australian Securities and Investments Commission alleged was caused by the bank’s failure to monitor third-party withdrawals.
Samsung Australia has been slapped with a $14 million penalty for running ads that misrepresented that its Galaxy smartphones could be used in pool and sea water.
The full bench of the Fair Work Commission has thrown out Qantas' bid to overturn the reinstatement of a trainer accused of staring at a flight attendant's breasts and gazing into her eyes in a "distinguishably lewd" manner during a safety demonstration.
The Victorian Legal Services Board and Commissioner has suspended wealth guru Dominique Grubisa's law licence, saying she is "not entitled to engage in legal practice anywhere in Australia" and could face further regulatory action.
Apple and Google have been hit with class actions alleging they violated competition laws by charging customers inflated commission on certain apps and in-app purchases.
A judge has signed off on a $56.3 million settlement in a class action against wealth manager Colonial First State that will see Maurice Blackburn earn $14.5 million in costs, saying it was a good example of the class action regime in operation.
Despite previously remarking that the penalty was "a bit light on", a judge has ordered Squirrel Superannuation to pay $55,000 for false and misleading marketing linked to property investment for investors with self-managed superannuation funds.
A victor remains to be crowned following a heated beauty parade between competing class actions against tech company Nuix, with two law firms facing criticism for their "cumbrous" consolidation proposal and a third firm copping flak for its "opaque" financials.
The ACCC has raised concerns that Canada-based Dye & Durham's proposed $2.9 billion acquisition of technology services provider Link could harm competition in the market for digital conveyancing services.