The Commonwealth Bank of Australia knew about a âcatastrophicâ code error that caused widespread non-compliance with money laundering rules two years before it was disclosed to the market, a court has been told in a rare shareholder class action trial.
A class action on behalf of 3,500 business owners along Sydneyâs light rail route has told a court that group members bore the brunt of the projectâs delayed construction, described as âa train wreck which could be predicted from a mile awayâ.
The Star Entertainment Group has been served with a second shareholder class action over disclosures relating to its anti-money laundering controls, a month after it was slapped with a $100 million fine.
A court has found National Australia Bank engaged in unconscionable conduct in knowingly overcharging thousands of customers periodic payment fees for four years.
A judge has questioned Nineâs eleventh-hour bid to add allegations of âserious criminal offencesâ against a barrister who sued the media company over its coverage of her custody battle for famed social media pooch Oscar the cavoodle.
Victoria’s gambling regulator has slapped Crown Resorts with $120 million in fines for falling short in its obligation to supervise problem gambling, in what the regulator called “extensive, sustained and systemic failures” spanning 12 years.
The outgoing deputy chair for the Australian Competition and Consumer Commission says Australia âreally needsâ a new unfair practices law, echoing sentiments from the regulatorâs former boss.
Medibank will not pay a ransom to a criminal who stole the data of 9.7 million customers, saying it would encourage extortion.
Fonterra has agreed to shell out $25 million to settle a class action by dairy farmers alleging they were underpaid when Fonterra slashed milk prices and sought a âclawbackâ in 2016.
The applicants in a consumer class action against Allianz have been ordered to produce an insurance policy that covers them for the risk of losing the case, which the insurer says will inform its bid for security for costs.