A judge has tossed ASIC’s case against REST over alleged misleading representations, finding the representations were statements of opinion reasonably held based on the advice of lawyers.
A judge has made freezing orders against Melbourne developer City Built and director Robert Filippini, who allegedly received $160 million in investor funds from Keystone Asset Management.
A former director of collapsed Melbourne derivatives broker Berndale Capital Securities has pleaded guilty to offences connected to his misuse of company funds.
Mastercard is fighting an evidentiary win for the competition watchdog in a case alleging the payments giant misused its market power in deals with major retailers.
A former JPMorgan executive has pleaded guilty to fraud for allegedly misappropriating nearly $1 million from clients of his defunct companies.
AMP’s former head of advice has settled defamation proceedings over a story in The Australian that suggested he misled ASIC during the banking royal commission.
Westpac’s head of audit and risk has taken her employer to court, claiming the bank shut down her compliance concerns about its shuttered mortgage broking subsidiary RAMS and stigmatised her as a “troublemaker” after she made repeated inquiries into the matter.
A class action targeting Westpac subsidiary BT Funds Management and Tal Life Insurance is set to be discontinued less than a year after it was filed.
The prudential regulator has filed court action against First Super co-chair and CFMEU manufacturing division boss Michael O’Connor, alleging he breached his director’s duties under superannuation laws when he hired a union official to work for the fund.
A judge has ruled that two Deloitte partners can act as administrators for embattled wealth manager Keystone, replacing two voluntary administrators from KordaMentha, despite an alleged risk of conflict due to past work for the company.