Two law firms accused of providing negligent advice to Dover Financial over a so-called client protection policy found to be “highly misleading” have argued the defunct financial advisor should not be able to recover the $1.2 million penalty it was ordered to pay.
ASIC has flagged it may take regulatory action against super fund executives and directors for switching personal investment options using insider information.
BlueScope Steel general manager Jason Ellis was not an honest witness and did not express genuine regret when he apologised for obstructing an ACCC investigation, a court hearing the regulator’s price-fixing case was told Tuesday.
Asset manager Aurora Funds has won its bid to toss a demand by law firm Piper Alderman for $119,335 in allegedly unpaid legal fees, with a judge finding the terms of a settlement deed between the parties may operate as a “penalty” for defaulting on payments.
The Australian Competition and Consumer Commission has launched civil penalty proceedings against two Sydney roof tiling businesses and their sole directors, claiming they engaged in bid rigging for construction at the University of Sydney.
The Australian Competition and Consumer Commission has won an injunction to stop Virtus from completing the purchase of rival Adora Fertility until a court has ruled on the competition regulator’s challenge to the acquisition.
Mobility equipment provider Country Care has taken a law firm to court claiming it gave negligent advice and was responsible for an ACCC price-fixing investigation and subsequent criminal cartel charges.
Christian Porter and silk Sue Chrysanthou are fighting a $550,000 legal bill of Jo Dyer, a friend of the woman who accused Porter of rape, after she succeeded in having the barrister removed from the former attorney-general’s defamation lawsuit against the ABC.
The NSW Law Society says law firms should consider equitable briefing and setting quotas to improve cultural diversity in the legal profession, saying more needs to be done to make the industry more inclusive.
Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.