Banking giant ANZ, which is facing a class action over a flex commissions scheme by its former car finance business, has admitted that the calculation of car dealers’ commission was aimed at encouraging loans with interest above a “base rate”.
The ACCC has given the greenlight to NAB’s proposed acquisition of digital only bank 86 400, saying the tie-up would not substantially lessen competition.
Food giants Arnott’s and Campbell will stop using their ‘Plantly’ logo on any new products pending the resolution of a trade mark infringement lawsuit brought by rival Goodman Fielder.
The Australian Taxation Office has come up short in its challenge to a decision that a sole trader was eligible for Jobkeeper despite a cancelled ABN, with the Full Federal Court saying the small businessman was entitled to the government COVID-19 handout.
A class action by investors of collapsed Linchpin Capital against the company’s former directors wants to join their insurers as defendants to the proceedings.
K&L Gates has fended off a mid-case bid for costs by former clients who are seeking $3 million in a negligence lawsuit and told a court on Wednesday they wasted money responding to a “defective defence” by the law firm.
Law firms could be the target of regulatory action as sexual harassment “hotspots”, with the upcoming launch by the legal watchdogs in NSW and Victoria of anonymous 24-hour online reporting platforms for lawyers.
Speculation is growing that Prime Minister Scott Morrison is poised to move embattled Cabinet ministers Christian Porter and Linda Reynolds off their portfolios, in a reshuffle of his front bench amid a deepening political crisis.
Allowing former senior barrister Norman O’Bryan to reopen his defence in the Banksia class action while “avoiding the witness box” was clearly prejudicial, and futile to boot, a judge has said in his reasons for refusing the silk’s last-minute application.
A bid by KPMG to push off the filing of its defence in a class action over misleading statements ahead of Arrium’s $754 million capital raising in 2014 has been shot down by a judge, who said the auditor has known the claims against it since November.