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Former Commonwealth Bank subsidiary Avanteos Investments has been slugged with a $1.7 million penalty after pleading guilty to charges it failed to update disclosure statements on products that continued to deduct adviser fees from accounts of dead superannuation members.
Recycling company Sims Limited will pay $29.5 million to settle a shareholder class action alleging earnings guidance for FY16 failed to account for the likely prospect of falling scrap metal prices.
Law firm Norton Rose Fulbright has won the dismissal of a case brought by a former digital marketing manager who claims she was fired two months after making an internal complaint of bullying and sex discrimination by her supervisor.
The Federal Court has ordered social media giant Twitter to produce information related to a user on the platform who goes by the name PRGuy.
A man of "deep humanity" and a "model of judicial restraint", former High Court chief justice Sir Gerard Brennan, who passed away on Wednesday, has been honoured for his contribution to the law and the legal system.
A foreshadowed application for a funding order in a class action that would put a lien on some group members’ homes was “entirely unprecedented and without jurisprudential basis”, retirement home provider Aveo Group has said.
The litigation funder facing a lawsuit by the applicant in a class action it financed is demanding security for legal costs because it says the applicant -- which is being chased by a law firm for more than $300,000 in fees -- may not be good for the money.
The litigation funder backing two combustible cladding class actions has sold a third of its investment in the cases to a player in the nascent secondary market for class action financing.
Fighting a class action that claims the age pension discriminates against Indigenous Australians because of differences in life expectancy, the Commonwealth says the rate of welfare dependency among Aboriginal and Torres Strait Islanders could impact the case.
Silk Lincoln Crowley has been appointed by the Queensland premier as the first Indigenous judge of an Australian supreme court.