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Ex-Greenwoods partner asks High Court to weigh in on whistleblower protections
High Court 2023-10-04 11:25 pm By Cat Fredenburgh

A former Greenwoods & Herbert Smith Freehills partner who claims he was sacked for complaining about Lendlease’s attempts to avoid tax liability has asked the High Court to overrule a judgment finding recent changes to whistleblower protections do not apply retrospectively to cover his claims.

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AMP appeals financial advisers’ win in BOLR class action
Appeals 2023-09-27 11:06 pm By Christine Caulfield

AMP has appealed its loss in a class action over changes to its buyer of last resort policy, under which the wealth manager slashed the amount it would pay financial advisers for their books of business.

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ACCC calls for $10M penalty against Honda for misleading customers
Competition & Consumer Protection 2023-09-05 11:37 pm By Sam Matthews

The consumer regulator has asked a judge to impose penalties of almost $10 millionĀ  against Honda Australia for misleading the customers of two former authorised dealerships, a penalty up to 10 times what the car maker says it should pay.

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Former Greenwoods partner suffers setback in Lendlease tax dodge suit
Employment 2023-08-30 12:19 pm By Cat Fredenburgh

The Full Court has dealt a blow to a sacked Greenwoods & Herbert Smith Freehills partner seeking $13 million in compensation from his former firm and Lendlease, finding new whistleblower protections do not apply retrospectively to cover his claims.

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Deloitte may ask court to keep lid on class action settlement
Class Actions 2023-08-24 2:35 pm By Sam Matthews

Deloitte may seek confidentiality orders over the amount it agreed to pay to settle a shareholder class action over its audits of collapsed construction group Hastie.

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Mercer set to admit liability in ASICā€™s first greenwashing case
Competition & Consumer Protection 2023-08-18 9:13 pm By Sam Matthews

Mercer Superannuation is likely to admit liability in the corporate regulatorā€™s maiden greenwashing case, a court has heard.

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ASIC loses appeal in CBA conflicted remuneration case
Financial Services 2023-08-17 10:32 am By Cindy Cameronne

ASIC has lost its challenge to findings that a revenue sharing arrangement between the Commonwealth Bank of Australia and former subsidiary Colonial First State Investments did not breach conflicted remuneration provisions of the Corporations Act.

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Deloitte settles class action over Hastie audits
Settlement 2023-08-16 10:13 pm By Cat Fredenburgh

Deloitte has settled a shareholder class action over its audits of collapsed construction group Hastie, a case which dragged on for six years as the accounting firm unsuccessfully fought to shield its audit reports.

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AMP sets aside $50M for BOLR class action as it mulls appeal
Class Actions 2023-08-10 11:56 pm By Christine Caulfield

AMP has set aside $50 million in its financial statement for the first half of 2023 to cover potential liability in a class action won last month by financial advisers over the wealth manager’s buyer of last resort policy.

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UbiPark wins claim of unjustified litigation threats by patent owner
Intellectual Property 2023-08-03 3:11 pm By Christine Caulfield

After winning a rare injunction restraining the owners of a patent from threatening litigation, carparking technology company UbiPark has prevailed in its claim the threats — aimed at itself and its customers — were unjustified.

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