The Australian Securities and Investments Commission has banned a financial adviser for five years for failing to act in his clients’ best interests, the second action taken by the corporate regulator through a project that uses data to target bad life insurance advisers.
Westpac was responsible for the conduct of its in-house financial planner, who allegedly overcharged the bank’s own customers with excess premiums on life insurance, class action lawyers have told a court.
A former financial adviser for Charter Financial Planning has been permanently barred from providing financial advice by Australia’s corporate regulator after it found he deducted almost $67,000 in fees for advice he never gave.
A judge overseeing a class action brought by investors in a sports betting scheme has shot down a lawyer’s mid-trial bid that he recuse himself.
IP Australia has denied Google’s application for approval of a patent covering advertising price discounting, saying it was not a manner of manufacture and therefore not patentable.
A bitter court battle over the firing of a Norton Rose Fulbright employment partner in which the firm admitted it retroactively signed and dated a court document will soon head to mediation.
The Australian Patent Office has shot down a patent application covering throat lozenges by consumer goods giant Reckitt-Benckiser on a challenge by rival Sanofi-Aventis.
Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel MacDonald, for providing inadequate disclosures and misleading investors with āoverhypedā announcements about business contracts.
A Slater and Gordon lawyer representing three unions seeking Fair Work Commission approval for a proposed tie-up, has slammed an “urgent” email from counsel at Herbert Smith Freehills claiming a newly discovered contempt matter involving one of the deal’s applicants should bar approval of the deal.
Toll Global has been fined $75,000 after pleading guilty to transporting over 16,000 kilograms of expandable and flammable polymer beads by truck.