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A key officer from the ACCC involved in interviewing JPMorgan bankers during a cartel investigation that led to criminal charges against ANZ and two investment banks has denied allegations that he acted improperly during the investigation.
Two shareholder class actions against failed electronics retailer Dick Smith will head to trial in March, after a failed attempt to resolve the long-running dispute in mediation.
ANZ has won access to documents the bank claims are crucial to its defence in a high stakes criminal cartel case, but the Australian Securities and Investments Commission has flagged a possible appeal of the ruling.
A former director of Atrum Coal has been ordered to pay over $6 million owed to a unit of Hong Kong finance giant Argonaut Group after a prior default saw the former executive lose $12 million worth of shares in the company.
A Gold Coast development property procured through a settlement with a Sydney-based financial advisory firm facing two separate class actions can be sold to recoup losses by investors who sank over $14 million into a property investment scheme, a court has found.
ASIC has chalked up a victory in a long-running case against a Marshall Islands-based binary options trader, with a judge finding the trader engaged in the "deliberate deception of vulnerable people".
The Federal Court has imposed a penalty of almost $5.2 million on AMP Financial Planning after finding it was "reckless" in its “lamentable failure” to properly respond to a now banned adviser who was churning life insurance for higher commissions.
The Australian Securities and Investments Commission formed the view that Dover Financial's "Orwellian" client protection policy was misleading in 2016 but did not raise its concerns with the now defunct firm until 2018, a court has heard.
JPMorgan has taken ANZ to task for its "heroic endeavours to create an air of suspicion" around the conduct of ASIC and the ACCC prior to the filing of a landmark criminal cartel case, slamming the allegations as purely speculative.
A judge overseeing the first of what could be many shareholder class actions over Westpac's anti-money laundering breaches -- brought by class action specialists Phi Finney McDonald -- has given other law firms a three-week deadline to notify the court if they plan to file competing proceedings.