A judge has ordered wealth manager Mercer Financial Advice to pay a $12 million penalty for “extremely serious” fees-for-no-service conduct and breaches of its fee disclosure obligations, in a case brought by the Australian Securities and Investments Commission. In the case, filed in June last year, ASIC alleged that Mercer charged 761 customers a total…
Two Catholic school teachers are entitled to pay rises included in new enterprise agreements, despite resigning before they took effect, an appeals court has found.
A judge has thrown out a lawsuit over the $55 million sale of Queensland shopping centre brought by an arm of Elanor Investors Group, clearing the vendor and its agent of allegedly misleading or deceptive conduct.
Former Dixon Advisory director Paul Ryan will ask the court for a suppression order protecting advice by a Big Six firm, as he defends ASIC’s claim that he failed to consider creditors when executing a deed that affected the company’s ability to recoup a $19 million debt.
A theatre company accused of discriminating against actress Christie Whelan Browne and subjecting her to repeated sexual harassment has dropped a bid to suppress parts of her claim to protect actor Craig McLachlan from distress and embarrassment.
Piper Alderman has strengthened its real estate team, appointing a former Holding Redlich partner to its Brisbane office.
Sparke Helmore has recruited a Brisbane-based partner from Holding Redlich with corporate and dispute resolution experience.
The NSW Labor Party has agreed to drop its case against law firm Holding Redlich for providing allegedly negligent advice over a $100,000 illegal cash donation delivered in an Aldi shopping bag.
A city council in the Hunter Valley region is set to appeal to the High Court a decision that found it was liable to pay a flight company over $3.6 million in damages for wasted expenditure after it repudiated a contract to lease land at the local airport.
Holding Redlich has been given a reprieve from putting on a defence in a lawsuit by the NSW Labor Party alleging the law firm was negligent in advice over a $100,000 illegal cash donation delivered in an Aldi shopping bag.