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S&P class action applicant resists paying security for ratings agency’s costs
A fight is looming over a bid by S&P Global for a class action applicant to pay security for the legal costs of defending the litigation, with the applicant arguing it shouldn't have to fork over anything.
State Street appeals loss to Maurice Blackburn in Fearless Girl dispute
US financial services giant State Street has appealed its loss in a lawsuit brought against Maurice Blackburn over the law firm's use of a replica of the famous Fearless Girl statue.
Deloitte settles partner’s age discrimination lawsuit
Deloitte has agreed to settle a $3.8 million lawsuit brought by a partner that challenged the accounting firm's mandatory retirement policy.
Judge tosses ASIC’s case against payday lenders Cigno, BHF
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.
Lawyer to seek ‘no adverse costs’ order in cartel class action against Facebook, Google
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.
ASIC’s proposed $40M fee disclosure penalty ‘manifestly excessive’, NAB tells court
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.
Super funds want price info protected in Westpac insider trading case
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.
ASIC ban of RI Advice financial planner accused of double charging clients sticks
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.
NAB wins $43M judgment against ex-Dick Smith director but receivers walk away empty handed
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.
Auditors of fraudster Melissa Caddick might face class action
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.