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The brother of the founder of defunct whitegoods distributor Kleenmaid has lost an appeal seeking to overturn his conviction on fraud and insolvent trading charges for masterminding a $13 million fraud against Westpac.
JPMorgan has taken ANZ to task for its "heroic endeavours to create an air of suspicion" around the conduct of ASIC and the ACCC prior to the filing of a landmark criminal cartel case, slamming the allegations as purely speculative.
A judge overseeing the first of what could be many shareholder class actions over Westpac's anti-money laundering breaches -- brought by class action specialists Phi Finney McDonald -- has given other law firms a three-week deadline to notify the court if they plan to file competing proceedings.
Westpac is facing its first shareholder class action in the US following revelations that it violated anti-money laundering and counter-terrorism finance laws on more than 23 million occasions, in the first lawsuit to point the finger at the company's executives.
Treasury Wine Estates has notched another legal victory in its ongoing battle to block Chinese knockoffs of its iconic Penfolds wine brand.
Treasury Wine Estates may be hit with a shareholder class action following a recent surprise earnings downgrade that led to a drop in the company's share price.
Optus has paid a record $504,000 fine for violating spam laws by sending SMS and email messages to customers that had previously unsubscribed from the telco's giant's marketing communications.
ANZ is seeking information on whether the ACCC put pressure on ASIC to not pursue proceedings against JP Morgan over a $2.5 billion share placement that is at the centre of a closely watched criminal cartel case, saying the matter raised a "serious question" about potential abuse of power by the regulators.
The Australian Competition and Consumer Commission has found Barro Group's 43 per cent stake in Adelaide Brighton, acquired over a number of years, will not harm competition in the cement market.
A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.