Macquarie Capital has hit back at a class action over an alleged misleading prospectus for Nuixâs $1.8 billion IPO, saying it was entitled as underwriter to rely on the software company’s promises.
A law firm is challenging an order that it pay $5.4 million in a class action against Macquarie Leasing as security for the lender’s costs, saying concerns about its borrowing capacity were âtheoretical and speculative.â
Expert evidence is not meant to âprovide a judge with comfortâ, a judge has found in rejecting evidence from two experts in flex commissions class actions against Westpac and Macquarie.
With its new business model of self-funding class actions, Maurice Blackburn can’t get by with an undertaking to indemnify Macquarie for its costs if a case over flex commissions fails.
A class action against ANZ over alleged predatory lending practices has settled for $85 million, while two related cases against Westpac and Macquarie are set to go to trial this month. Â
A criminal case against a former financial adviser from Macquarie accused of trading in derivatives without a client’s authority has been dismissed.
Macquarie Bank has been fined a record $4.995 million for failing to stop the placement of suspicious orders on the electricity futures market.
Banks targeted in long-running class actions over flexible commission schemes for car dealers are resisting the plaintiffsâ bid to amend their pleadings to âget aroundâ the defence that certain claims are time-barred.
Law firms of all sizes are facing a positive outlook as client demand remains high, but larger firms are outpacing their smaller counterparts in the uptake of artificial intelligence, resulting in 80 per cent higher revenue for each full-time employee, according to a new report.Â
Westpac, Macquarie and ANZ are seeking class closure orders ahead of mediation in three class actions over flexible commissions schemes, telling a court hearing they will be âcompletely at seaâ without a better idea of the class size.