ANZ is seeking information on whether the ACCC put pressure on ASIC to not pursue proceedings against JP Morgan over a $2.5 billion share placement that is at the centre of a closely watched criminal cartel case, saying the matter raised a “serious question” about potential abuse of power by the regulators.
A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.
Japanese car maker Mazda has replied to an ACCC action alleging it violated the Australian Consumer Law by failing to provide consumers with refunds or no-cost replacements for their allegedly faulty vehicles, saying it was not required to replace dented and scratched cars.
A judge is expected to issue a temporary injunction Thursday barring Facebook and Instagram from blocking users who are customers of a Melbourne-based social media startup that has accused the companies of trying to quash competition.
Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
Veteran NRL player agent Sam Ayoub has won his case against his former protege and another employee who left his Ultra Management Sports agency in 2017 and took 18 players with them.
A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
The Australian Competition and Consumer Commission has opened a sector-wide investigation into price changes made last year in the building and demolition waste services market in New South Wales.
Car wash franchisor Geowash has been ordered to pay $4.2 million in penalties for overcharging franchisees to set up outlets and misleading them about how much revenue they could earn.
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing ‘defective’ product disclosure statements.