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A court has dismissed ASIC’s enforcement action against payday lenders Cigno and BHF Solutions, finding the companies did not need a licence to issue loans to hundreds of thousands of consumers.
The self-represented lawyer behind a $1 billion class action against Facebook and Google over a cryptocurrency ad ban has said he will bring the first "no adverse costs" application to be heard by the Federal Court under the Competition and Consumer Act.
National Australia Bank has urged a court to impose a $15 million penalty for its five-year failure to adequately disclose its adviser fees, and has argued ASIC's push for a steeper penalty goes too far.
Industry super funds AustralianSuper and IFM Investors - the consortium behind the interest rate swap at the centre of the corporate watchdog's insider trading case against Westpac -- have asked a judge to shield commercially sensitive information from the public as the high-profile action unfolds.
A tribunal has rejected a bid for review of ASIC's decision to permanently ban an RI Advice financial planner who was accused of double charging his clients.
A judge has awarded $43 million to National Australia Bank in its lawsuit against former directors of failed retailer Dick Smith, but threw out claims against company directors brought by HSBC and the retailer's receivers.
Investors who entrusted their retirement savings to deceased fraudster Melissa Caddick may launch a class action against the auditors that signed off on financial statements for the funds.
Westpac has shot back at a lawsuit brought by ASIC over the selling of alleged poor value insurance products, with the bank saying its customers had agreed to take out the "optional" coverage.
A judge has gutted a defence and counterclaim filed by the biggest unitholder in investment fund Vale in a battle with a litigation funder and liquidators over agreements to join two class actions against S&P Capital, a fight that threatened to hold up one of the class actions.
Criminal charges have been laid against the auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, in the first criminal charges brought over auditing services in Australia.