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Ex-Hendry Group CEO says she learned of misconduct allegations from board meeting minutes
The former CEO of Hendry Group who claims the business consultancy suspended her after she complained of bullying and sex harassment has lashed out at the company's claims that she was let go for misconduct, saying she only became aware of the allegations against her through board meeting minutes.
Greensill Bank to avoid asset seizure for now as Australian creditors named
A judge has allowed a German bank owned by Greensill Capital, which owes creditors over $1.75 billion, to temporarily avoid seizure of its assets as the bank seeks to have its German insolvency proceedings recognised in Australia.
HWL Ebsworth docs sought by ANZ whistleblower could contain ‘golden nugget’, judge says
A judge has ruled that a former ANZ trader who alleges he was fired after complaining about rate-rigging at the bank can amend his lawsuit after separate proceedings that accuse law firm HWL Ebsworth of withholding his client file are resolved, saying the HWL documents could contain a "golden nugget".
‘Millions of dollars of cash in bags’: Cryptocurrency trader wins lawsuit against fraudster
A cryptocurrency trader has won judgment of over $1.96 million in a NSW Supreme Court lawsuit against companies owned by a convicted fraudster over a deal involving "millions of dollars of cash in bags and suitcases" and a settlement that was reached and then ignored.
ANZ admits flex commission dealers ‘encouraged’ to offer loans with interest above base rate
Banking giant ANZ, which is facing a class action over a flex commissions scheme by its former car finance business, has admitted that the calculation of car dealers' commission was aimed at encouraging loans with interest above a "base rate".
ACCC clears NAB’s $220M acquisition of digital bank 86 400
The ACCC has given the greenlight to NAB's proposed acquisition of digital only bank 86 400, saying the tie-up would not substantially lessen competition.
ASIC will ask to have Melissa Caddick charges dropped
The Australian Securities and Investments Commission will seek to drop all charges which were the subject of an arrest warrant against accused fraudster Melissa Caddick, after her remains were found on the NSW South Coast in February.
S&P may ask judge to disqualify himself from class action over ratings defects
A judge who oversaw a 39-day trial in 2018 in multiple class actions against S&P Global may be asked by the ratings agency to step down from hearing another class action alleging systemic defects in its ratings systems.
Linchpin Capital investors want to add insurers to class action
A class action by investors of collapsed Linchpin Capital against the company's former directors wants to join their insurers as defendants to the proceedings.
‘Hardly seems worth the powder and the shot’: Judge asks why ASIC still pursuing CBA MySuper case
A judge has questioned why ASIC is still pursuing its case CBA unit Colonial First State over statements made to 12,000 fund managers during the transition to MySuper accounts, after the bank admitted it misled members in 61 of the 80 phone calls at the heart of the case.