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S&P fails in bid for all class action expert evidence to be thrown out
Ahead of an eight-week trial in an investor class action in July, ratings agency S&P has lost its bid to throw out the entirety of the expert evidence in the case.
NAB super fund trustee says failed class action rejected $25M offer
Former NAB superannuation fund trustee NULIS is seeking the first ever award of indemnity costs in a class action that flopped following the rejection of a settlement offer.
HSBC may face new claim in ASIC case alleging lax scam prevention
British banking giant HSBC could face a new claim in ASIC proceedings alleging it failed to adequately protect customers from scams, a court has heard.
Defunct Westpac unit RAMS settles trade mark dispute with fund manager
Defunct Westpac mortgage broker RAMS has reached a settlement in a trade mark stoush with fund manager Real Asset Management.
Mastercard won’t be ready for March trial in ACCC case, court hears
Mastercard is staring down costs orders after telling a court it will seek to vacate an upcoming trial date in its fight with the competition regulator after technical difficulties slowed the discovery process. 
Non-bank lender Firstmac hit with $8M penalty for DDO breaches
The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.
‘No flight risk’: ASIC can’t get travel ban on fund manager in probe over $35M
Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.
Judge rejects ‘hopeless’ appeal over Latitude Financial data breach
A self-represented customer of Latitude Financial has lost his bid to challenge a decision throwing out his data breach lawsuit against the non-bank lender after he defaulted on court orders.
Sacked ANZ trader largely loses bid to amend case after 11 iterations
A former ANZ trader who was allegedly axed after complaining about manipulation of the bank bill swap rate has largely lost his application to amend his case.
‘What’s done is done’: Judge defers penalty hearing in Harvey Norman case
A judge has deferred the question of what penalties Harvey Norman and Latitude Finance should face in a case by ASIC until their appeals are heard, noting the “regrettable” fragmentation of the case.