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NAB class action over MySuper put on ice as invalidity ruling challenged
Financial Services 2021-04-22 10:35 pm By Christine Caulfield

A Federal Court class action against two NAB units over $6.3 billion in super funds is on hold after lawyers for the applicant filed an appeal of a ruling that found their state court proceeding had been invalidly commenced.

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ACCC to fight production of JPMorgan witness statements in ANZ cartel case
Competition & Consumer Protection 2021-04-22 5:02 pm By Cat Fredenburgh

The judge who vowed last year to move a criminal cartel case over a $2.5 billion ANZ share placement to trial “before we all retire” will soon weigh the ACCC’s claim for privilege over statements from JPMorgan witnesses it has been accused of pressuring during its investigation, two months after a different judge heard a still unresolved privilege fight in the long-running case.

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Allens’ handling of sexual harassment complaint may have violated WHS Act: report
Business of Law 2021-04-20 11:16 pm By Christine Caulfield

Allens’ response to a complaint of sexual harassment in the firm’s Brisbane office five years ago may have breached the federal Work Health and Safety Act, a new report has suggested.

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Senior Allens lawyer who sexually harassed colleague was allowed to stay on until litigation finished
Business of Law 2021-04-12 2:44 pm By Miklos Bolza

Big Six firm Allens allowed a senior lawyer to stay on at the firm for five weeks after a sexual harassment incident in 2012, the third such event at the law firm to be disclosed in the past month.

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‘Significant allegations’: ASIC ordered to flesh out case against REST
Financial Services 2021-04-09 2:53 pm By Cindy Cameronne

A judge has ordered ASIC to flesh out its case accusing the Retail Employees Superannuation of misleading members about their ability to move their super out of the REST Trust, given the “significant” allegations that a deliberate system was behind the superannuation trustee’s alleged misconduct.

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After invalidity ruling, law firm tries again with MySuper class action against NAB units
Class Actions 2021-04-08 1:50 pm By Christine Caulfield

Maurice Blackburn has brought a second class action against two NAB units over $6.3 billion in super funds, after the law firm’s first attempt was shut down by a state court as invalid.

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‘Nothing the Crown does will satisfy these nine accused’: Prosecution defends ANZ cartel indictment
White Collar 2021-04-01 9:56 pm By Cindy Cameronne

The prosecution in a criminal cartel case against several banks and high-ranking executives over a $2.5 billion ANZ share placement has fought back against accusations that its indictment is “fundamentally flawed” and should be quashed.

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Clive Palmer’s Mineralogy breached CITIC agreement over Balmoral Iron mine acquisition, court finds
Energy & Natural Resources 2021-04-01 4:16 pm By Miklos Bolza

A judge has found that Clive Palmer’s Mineralogy breached an agreement with Hong Kong-based CITIC over the acquisition of mining tenements to extract one billion tonnes of iron ore in the Pilbara region.

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CBA denies fiduciary duty owed to group members in insurance ‘rort’ class action
Class Actions 2021-03-29 1:18 pm By Miklos Bolza

Two Commonwealth Bank of Australia subsidiaries have denied that they owed fiduciary duties to group members in a class action over allegedly excessive insurance premiums pushed onto customers because of commissions and other benefits to financial advisors.

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Court rejects Mineralogy’s claims of ‘sinister’ CITIC conduct in Sino Iron dispute
Energy & Natural Resources 2021-03-29 11:10 am By Miklos Bolza

Clive Palmer and his company Mineralogy will have to press forward with their appeal of a judgment that found their lawsuit against Hong Kong-based CITIC was an abuse of process, after an appeals court dismissed the mining magnate’s allegations of “sinister” conduct by CITIC.

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