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ASIC asks Westpac: What happened to Colin ‘the Rat’ Roden?
Financial Services 2018-07-09 11:07 pm By Christine Caulfield

The Australian Securities and Investments Commission wants documents from Westpac Banking Corp. detailing how it disciplined rogue traders, including Colin ‘the Rat’ Roden, at the centre of a scandal to influence the benchmark Bank Bill Swap Rate.

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ASIC opens Whitebox trial, keeps judge on toes
Securities 2018-07-02 11:06 pm By Miklos Bolza

The trial in ASIC’s complex share market manipulation action against Whitebox Trading began Monday, with an opening submission by the corporate regulator that at times had even the presiding judge scratching his head.

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Cable makers didn’t violate consumer law, judge says
Consumer Goods 2018-06-22 11:38 am By Cat Fredenburgh

A judge has found the Australian Cablemakers Association did not violate the consumer laws when it sent letters to several Ministers complaining that an electrical cable supplied by Midland Metals was unsafe.

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Judge slams class action settlement as “worst” he’s ever seen
Class Actions 2018-05-25 4:06 pm By Miklos Bolza

A Federal Court judge on Friday reluctantly approved a $12 million settlement in the long-running class action against Bank of Queensland, saying it left almost nothing for those affected by the notorious Sherwin Ponzi scheme.

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Westpac’s conduct ‘unconscionable’, but no BBSW rate-rigging, judge says
Financial Services 2018-05-24 3:51 pm By Christine Caulfield

Westpac Banking Corp. engaged in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on four occasions, a Federal Court judge ruled Thursday.

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Aerocare loses Federal Court appeal over workplace agreement
Employment 2018-05-16 3:52 pm By Christine Caulfield

The Full Federal Court on Tuesday dismissed an appeal by aviation services company Aerocare of a ruling rejecting an enterprise agreement the Transport Workers Union called “substandard”.

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Seven wins contempt of court ruling against Amber Harrison
Media 2018-05-09 4:23 pm By Christine Caulfield

The ex-lover of Seven Network’s CEO Tim Worner was found in contempt of court on Wednesday after violating a gag order that barred her from speaking out about the affair and leaking company documents.

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Judge slams class action fee assessors
Class Actions 2018-04-03 11:52 pm By Cat Fredenburgh

A Federal Court judge has questioned the independence of for-hire fee assessors in class actions, calling their opinions on legal costs “next to useless”.

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Judge oks S&P deal in Lifeplan case, as another trial kicks off
Securities 2018-03-19 12:19 pm By Cat Fredenburgh

As trial enters its second week in a landmark case against S&P Global, a judge has signed off on a settlement of a separate class action against the U.S. credit ratings agency over its alleged role in the global financial crisis.

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Prysmian loses appeal of $3.5M cartel fine
Competition & Consumer Protection 2018-03-13 1:01 pm By Cat Fredenburgh

The Full Federal Court has shot down Prysmian Cavi E Sistemi’s appeal of a $3.5 million fine for alleged cartel conduct. 

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