A judge has imposed a $14.5 million penalty on five AMP entities, saying it was āsurprising and concerningā that the wealth manager deducted $356,000 from customers’ superannuation accounts for advice they never received, despite numerous complaints.
A judge has raised concerns with Maurice Blackburn and Slater & Gordon for their slow progress in a consolidated shareholder class action against Treasury Wine Estates, one year after scolding the firms for their delay in filing evidence.
The federal government will face a class action on behalf of disabled individuals age 65 and over who have been excluded from the National Disability Insurance Scheme.
Opal Tower structural engineer WSP has been ordered to produce all professional indemnity policies covering its work on the defective building in a lawsuit against insurers for builder Icon, despite arguing for the “commercial sensitivity” of the information.
Two receivers for unlicensed investment scheme A One Multi Services have lost their bid to have 85 per cent of their future remuneration paid out immediately, with a judge agreeing with the corporate regulator that the receivers should not have āwhat are in effect trust fundsā.
A former Greenwoods & Herbert Smith Freehills partner wants the Full Court to decide whether whistleblower protections apply retrospectively in a $13 million suit alleging he was sacked for complaining about the tax avoidance strategy of construction giant Lendlease.
A judge has ordered that part of a decision by the Australian Taxation Office over three alleged schemes by Liberty Financial to obtain tax benefits be set aside, rejecting arguments that the corporate groupās operations were āartificial or contrivedā.
A judge has signed off on a $1.55 million settlement to resolve two underpayments class actions against supermarket chain Romeoās, but has reduced the pay out to the law firm running the cases by 25 per cent, saying the firm had “no legal entitlement” to the fees.
A judge has signed off on a $7.2 million penalty against Dixon Advisory after the company admitted to ASIC allegations that its advisors failed to act in its clients’ best interests by recommending they invest in a risky US-based real estate investment fund.
Insurer for cladding manufacturer Fairview Architectural, Vero Insurance, will argue a $190 million policy does not cover claims in a class action alleging combustible cladding caused losses for property owners, a court has heard.