National Australia Bank has urged a court to impose a $15 million penalty for its five-year failure to adequately disclose its adviser fees, and has argued ASIC’s push for a steeper penalty goes too far.
AMP and a number of its financial planning subsidiaries have launched a bid to declass a group proceeding jointly run by Piper Alderman and Shine Lawyers over allegedly excessive insurance premiums.
Juggling a promising legal career and being the mother of two small children, King & Wood Mallesons’ Kione Johnson, who was the lead senior associate for dam operator Seqwater in the complex Queensland floods class action, revels in the āconstant state of chaosā of her daily routine.
Accused war criminal Ben Roberts-Smith has told a court it was āmore than reasonableā for him to assume an unarmed Afghan man was a hostile insurgent because he saw another soldier shoot at the man first.
The High Court has denied a request from former senator David Leyonhjelm to challenge a ruling ordering him to pay $120,000 to Greens senator Sarah Hanson-Young for defaming her with “crass” and “obviously sexist” comments made in a series of interviews in 2018.
Labor Senator Deborah O’Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.
The Australian Competition and Consumer Commission is seeking a $1.2 million penalty against Victorian electric utility Sumo Power for luring customers with the promise of discounts and low rates only to jack up their prices months later.
Leading defamation silk Sue Chrysanthou is facing possible disciplinary action arising from her representation of Liberal minister Christian Porter in a now-settled defamation case against the ABC.
A judge has ordered employees of supermarket chain Romeo’s to receive a further corrective opt-out notice in class actions against the company following claims that a senior manager again initiated discussions with group members about the case.
Payments processing company EML is looking at two potential shareholder class actions over its alleged failure to notify the market of concerns by Ireland’s central bank relating to compliance with anti-money laundering regulations.