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Payday lenders BHF Solutions and Cigno are fighting ASIC's bid for an injunction barring them from breaching consumer credit laws, with BHF claiming it should not be exposed to contempt.
The Australian Securities and Investments Commission has placed interim stop orders on two crypto funds distributed by Perpetual Investment Management Limited, citing the need to protect retail clients from investing in risky, volatile funds.
Fintech company Block Earner has been hit with enforcement action by the corporate regulator alleging it sold crypto asset products without a licence and operated an unregistered managed investment scheme.
The law firm that filed a second securities class action against failed Blue Sky Alternative Investments and auditor EY has moved swiftly to stay a competing class action brought three months ago.
A group of Lloyd’s underwriters are off the hook for financial services company EP Financial Services' costs in an lawsuit over allegedly negligent financial advice, after an appeals court found the exclusions under the policy were valid.
ANZ and Westpac have failed in their bid for a contradictor to weigh in on a contingency fee bid in two class actions, as the law firm that lost the first ever application for a group costs order tries again.
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.