Star’s former managing director Greg Hawkins has reached a mid-trial settlement with the corporate regulator in its case over the casino operatorās alleged lax money laundering compliance.Ā
A former Star executive agreed to renew the casinoās relationship with a junket with organised crime links despite Star Sydney’s GC warning of suspicious transactions, a court has heard.Ā
On day one of trial in ASIC’s case accusing ten Star executives of turning a blind eye to money laundering, the court heard about a blue esky bag full of cash and people hiding under blankets to avoid CCTV.
The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the secondĀ doled out in ASIC proceedings for violations of the new design and distribution obligations.
Real estate company Flemington Properties has won $5 million from Ausgrid in a commercial rent dispute, with a judge finding the state corporation was effectively asking the court to rewrite the partiesā agreement.
A judge has delayed mediation in a suit alleging Westpac fired its former head of risk after complaints of alleged fraud at its RAMS unit.
A class action against online trading platform IG Markets over alleged risky contracts for difference may drop its conflicted remuneration claims after struggling to find a sample group member.
Law firm Gerard Malouf & Partners will move for a solicitors’ common fund order in a class action against Philips Electronics, which will give it an effective contingency fee in the event of a win or settlement.
An appeals court has overturned a $16 million judgment against a law firm, finding it did not breach its duties when acting for a lender that provided financing to a client.
A class action over S&Pās rosy ratings on risky financial products faces a preliminary fight over the relevance of expert evidence that seeks to prove fraud on the part of the ratings agency.