Financial Services
Former trader loses whistleblower case against ANZ
A judge has thrown out a former ANZ trader's whistleblower case alleging the bank sacked him after he complained about its attempted manipulation of the bank bill swap rate.
Financial Services
IAG reaches settlement with Credit Suisse over Greensill collapse
Insurance Australia Group has reportedly settled a multibillion dollar case by Credit Suisse over the collapse of supply chain financier Greensill Capital on the eve of a five-month trial.
Business of Law
MinterEllison, Clayton Utz trim operations jobs, deny cuts linked to AI
MinterEllison and Clayton Utz have confirmed cuts to the number of business operations jobs at the firms but deny the increasing adoption of AI tools was a factor.
Class Actions
Strip search class action loses bid to strike out NSW’s defence
A class action over alleged unlawful strip searches at music festivals has lost its bid to strike out the NSW government’s defence against claims of sample group members, after the lead plaintiff was awarded $93,000 in damages.
Business of Law
Coleman Greig client loses appeal bid in row over analyst’s hourly rate
A former client of Sydney law firm Coleman Greig has been refused leave to appeal a costs assessment, with a judge finding a review panel didn't err when weighing the hourly rate of a non-lawyer.
Insurance
Allianz can’t get contribution from AIG in fight over Built Tech claims
Allianz has lost its bid to recover a contribution from AIG over a $1.65 million worker's compensation claim against Icon subcontractor Built Tech Hoardings.
Competition & Consumer Protection
HungryPanda wants to lift stay in suit against competitor Fantuan
Food delivery service HungryPanda wants to lift a stay in a case against competitor Fantuan over the acquisition of delivery platform EASI, after a $24 million judgment was entered in related UK proceedings.
Financial Services
ASIC alleges comparison site sold customer enquiries to highest bidder
The corporate regulator has taken a financial products comparison site to court, alleging it misled consumers by representing that it compared options from multiple providers when in reality, consumer enquiries were sold to the highest bidder.
Class Actions
Macquarie hit with second class action by investors in Shield fund
Investment manager Macquarie has been hit with a second class action by investors who sank over $320 million of their superannuation into Keystone's collapsed Shield Master Fund.
KPMG
KPMG’s approach to whistleblower claims ‘overly legalistic’: report
KPMG dealt with a whistleblower's allegations over the misuse of confidential client data in an "overly legalistic" way, a new report has found, saying the accounting firm "lost sight" of its values and dropped the ball.
