The Australian Securities and Investments Commission has won its case against defunct financial advisor Dover Financial and its former director, who famously collapsed during the banking royal commission, with a judge saying the company engaged in misleading and deceptive conduct through its inaptly titled ‘client protection policy’.
The judge overseeing a class action against car maker Ford over its allegedly defective PowerShift transmission has shot down the applicant’s request for additional discovery, saying that after multiple delays in the case “the well has run dry”.
Slater and Gordon is planning class actions against ANZ and Westpac over allegedly worthless insurance, fresh off of winning a $49.5 million settlement in a junk insurance class action against the National Australia Bank.
IP boutique Griffith Hack will soon have around 80 practicing lawyers when it absorbs Australia’s oldest specialist intellectual property firm Watermark next year.
Shareholders have appealed a ruling that found a “serious problem” with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.
Qube has filed a misuse of market power case against the operator of the Port of Newcastle for allegedly forcing the logistics giant to pay for equipment it needs to provide dry bulk unloading services at the port.
Westpac has been hit with a lawsuit by AUSTRAC for its alleged “systemic” failure to comply with anti-money laundering and counter terrorism finance laws.
Australian liquor retailer D’Aquino Bros has settled a trade mark infringement lawsuit brought by the UK’s Scotch Whisky Association, after agreeing to injunctions barring it from peddling its brew as Scotch.
A former National Australia Bank branch manager has been sentenced to a year of home detention for engaging in fraud in relation to the bank’s scandal-ridden Introducer home loan program.
The National Australia Bank has admitted to most of the violations alleged in the Australian Securities and Investments Commission’s case over the bank’s $24 billion scandal-ridden ‘Introducer’ loan referral program.