An IOOF unit accused of failing to protect its clients against cybersecurity risks has slammed ASICâs claims in the novel case, describing the regulatorâs further amended statement of claim as âgrossly unfairâ and âcompletely incoherentâ.
A judge has blasted an ex-Linchpin directorâs delay in appealing a five-year disqualification ordered by ASIC and threatened to dismiss the appeal after he failed to comply with court orders.
A judge has denied ASICâs request that the court hear its case against RI Advice in November, giving the IOOF unit more time to respond to the 800-page expert report filed by the regulator in support of its case that the company lacked adequate cybersecurity systems.
A judge has scolded the law firms behind competing shareholder class actions against Boral for delaying progress of the proceedings, but may wait until the High Court’s ruling on the AMP class action beauty parade before deciding which of three potential class actions should move forward.
AMP executives are the focus of the Australian Securities and Investments Commission’s investigation of the wealth management firm’s fees for no service scandal, a court heard Friday.