Debt collection agency A&M Group, trading as Debt Negotiators, has admitted it unduly harassed and coerced debtors by repeatedly contacting family, friends and employers and claiming they could face imprisonment.
A proposed consolidation of two class actions against collapsed wealth manager Dixon Advisory has hit a snag, with Shine Lawyers wanting to ensure group members who have signed up for its no win, no fee proceeding don’t get stuck paying the commission of the funder backing its rival’s case.
Former Bellamy’s Australia director Jan Cameron has filed proceedings against the Australian Taxation Office to avoid paying capital gains tax on the sale of 2.5 million shares in the organic baby food company 2018.
AMP has admitted two of its units charged customers fees for no service but denied it acted unconscionably in a case brought by the corporate regulator alleging it continued to charge advice fees and life insurance premiums to customers who had died.
The corporate regulator has taken Australian Mines to court after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.
IOOF financial advice unit RI Advice has escaped a penalty in a test case alleging cybersecurity failures, but the firm must engage an IT security company and pay the corporate regulator’s legal costs.
A judge has ordered a temporary stay of ASIC’s case accusing Mayfair 101 director James Mawhinney of contempt for breaching a 20-year ban.
ASIC has lost a bid to dismiss former G8 Education chair Jennifer Hutson’s application seeking declarations that she was unlawfully examined by the regulator over the company’s $162 million hostile takeover bid for Affinity Education Group.
A judge has given the liquidators of Big Un the go-ahead to serve the director of the collapsed video company through his LinkedIn account after several unsuccessful attempts to contact him about proceedings accusing him and others of violating their directors’ duties.
A judge has panned ASIC’s bid to discover a wide range of privileged communications between super fund REST and various legal advisers, finding the regulator used a “very wide net” to catch nothing at all.