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Accounting firm Pitcher Partners has hit back at a lawsuit by the former owner of fitness franchise Zap Fitness claiming the firm failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.
Former CEO of failed van Eyk Research has been sentenced to 15 months' imprisonment after admitting he breached his duties as director of a subsidiary to dishonestly retain control of the company.
Dead or broke, the class action lawyers who schemed to defraud investors in failed Banksia Securities should not escape a $21 million judgment for damages and costs, a court has heard.
Three of the Big Four banks have agreed to pay a total of $126 million to settle class actions on behalf of up to one million customers who were sold consumer credit insurance.
The former chief executive of Commonwealth Bank has told a court internal auditors raised issues with CBA's anti-money laundering and counter-terrorism financing compliance four years before AUSTRAC took action that saw the bank's share price plummet.
The Commonwealth Bank of Australia and unit CommSec have reached an agreement with the Fair Work Ombudsman on liability in enforcement action alleging they knowingly underpaid almost 7,500 employees over $16.4 million.
A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania can't add new claims against the accounting firm three months out from trial.
A former director of sandalwood producer Quintis, who is suing the company's top brass over statements made to the corporate regulator, has won unrestricted access to legal advice the executives sought to keep a lid on.
Nuix has pointed the finger at its accountant PricewaterhouseCoopers in the software company's defence to a class action over a prospectus for its $1.8 billion IPO two years ago.
The Commonwealth Bank of Australia has argued that disclosing its money laundering failures before AUSTRAC brought proceedings would have misled the market, as the bank takes the rare move of defending a shareholder class action at trial.