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Westpac slugged with $113M in penalties in six ASIC cases
A judge on Friday slugged Westpac with a $40 million penalty for charging advice fees to over 11,800 dead customers in the last of six cases brought by the corporate regulator, taking the total to be paid by the bank to $113 million.
SingTel appeals ATO win over deductions on $14B Optus buy
Telecommunications giant SingTel is challenging a ruling in favour of the Australian Taxation Office's decision to reject over $894,000 in tax deductions related to its $14.2 billion acquisition of Optus.
Plastic surgeon wins $450,000 in defamation case over fake review by rival
A Gold Coast cosmetic surgeon has won his defamation case against a competitor who posted a phony online review, with a judge ordering damages of more than $450,000.
Deloitte director ordered to repay $3M in case of ‘remarkable fraud’
A former Deloitte director accused of embezzling $3.1 million has agreed to court orders that he repay the money and hand over title to all assets -- including almost 100 works of art -- purchased with the alleged misappropriated funds.
Another aggrieved partner takes HWL Ebsworth boss to court
HWL Ebsworth managing partner Juan Martinez is yet again the target of a lawsuit, the latest claiming he committed a "fundamental breach" by locking a capital partner out of the office and withholding profits after the partner gave notice.
‘A remarkable fraud’: Deloitte takes director to court for alleged embezzlement
Deloitte has secured a freezing order on the assets and bank accounts of a director accused of stealing funds from the consulting giant, in what a judge has described as an alleged "remarkable fraud".
‘Most expensive silk in Australia’: ASIC to argue ex-Tennis Australia boss must pay for ‘luxuries’
Almost half of the $3 million in legal costs incurred by former Tennis Australia president Steven Healy in successfully defending against the regulator's case over the broadcast rights to the Open were for "luxuries of litigation" that he should pay for himself, ASIC has told a court.
Settlement reached in class action against trustee of collapsed IPO Wealth
The trustee of Mayfair Group's collapsed IPO Wealth Fund has reached an in-principle settlement in a class action alleging it misled investors, who lost $86 million when the fund was wound up.
Nurofen maker Reckitt-Benckiser loses High Court appeal bid in Maxigesic feud
The High Court has rejected a special leave application by consumer goods giant Reckitt-Benckiser in its long-running battle with the maker of painkiller Maxigesic.
Novartis can’t appeal loss of experts in MS drug patent feud with Pharmacor
The Full Federal Court won't give Swiss pharmaceuticals giant Novartis the chance to appeal a ruling that threw out three of its four experts in a patent case against generic drug maker Pharmacor.