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NAB resolves discrimination suit alleging ‘boys club culture’
Financial Services 2025-02-17 3:55 pm By Cat Fredenburgh

NAB has settled a suit by a former exec who alleged she was discriminated against and bullied, including having a baseball bat brandished at her.

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Judge who acted in ‘hot contest’ shouldn’t hear Greensill case, court told
Restructuring & Insolvency 2025-02-14 11:00 pm By Cindy Cameronne

Greensill has a “clear case” for recusal of a judge poised to hear cases over its $1.7 billion collapse, who previously acted as senior counsel for insurer Marsh in a satellite dispute.

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S&P fails in bid for all class action expert evidence to be thrown out
Class Actions 2025-02-13 3:55 pm By Cindy Cameronne

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.

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NAB super fund trustee says failed class action rejected $25M offer
Financial Services 2025-02-12 2:42 pm By Cindy Cameronne

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.

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HSBC may face new claim in ASIC case alleging lax scam prevention
Financial Services 2025-02-07 3:15 pm By Cat Fredenburgh

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.

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Defunct Westpac unit RAMS settles trade mark dispute with fund manager
Intellectual Property 2025-02-06 11:54 pm By Julia Kanapathippillai

Defunct Westpac mortgage broker RAMS has reached a settlement in a trade mark stoush with fund manager Real Asset Management.

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Mastercard won’t be ready for March trial in ACCC case, court hears
Competition & Consumer Protection 2025-01-29 11:02 pm By Andy Sidler

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. 

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Non-bank lender Firstmac hit with $8M penalty for DDO breaches
Financial Services 2025-01-24 10:23 pm By Andy Sidler

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.

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‘No flight risk’: ASIC can’t get travel ban on fund manager in probe over $35M
ASIC 2025-01-24 11:04 pm By Andy Sidler

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.

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Judge rejects ‘hopeless’ appeal over Latitude Financial data breach
Privacy & Cybersecurity 2025-01-17 10:13 pm By Sam Matthews

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.

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