Most Recent
Fonterra may bring counter-claims in class action over milk prices
Class Actions 2020-08-07 5:18 pm By Miklos Bolza

Fonterra could bring counter-claims against dairy farmers that brought a class action alleging they were unpaid when the company slashed milk prices in 2016, a court has heard, after debt recovery proceedings by Fonterra against the lead applicants were joined with the class action.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC spent $1.8M on failed Westpac responsible lending case
Financial Services 2020-08-07 4:56 pm By Miklos Bolza

The Australian Securities and Investments Commission spent over $1.8 million in taxpayer funds investigating and prosecuting its now failed responsible lending case against Westpac.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

BNY Mellon unit convicted in first criminal case over handling of client money
White Collar 2020-08-05 10:32 pm By Cat Fredenburgh

Bank of New York Mellon unit Pershing has become the first company in Australia to be convicted of criminal charges for breaching regulations requiring AFSL licensees to keep client money in separate bank accounts.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC sets sights on AMP, with more than 5 new cases expected this year
Financial Services 2020-08-05 6:09 pm By Alison Eveleigh

The Australian Securities and Investments Commission has told a parliamentary committee that it plans to bring more than five court proceedings against AMP before the end of the year and has referred a number of investigations into the financial services giant for possible criminal prosecution.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Former financial adviser gets six years in jail for $1.86M Ponzi scheme
White Collar 2020-08-04 4:14 pm By Christine Caulfield

Former financial adviser Graeme Miller has been jailed for six years after pleading guilty to misappropriating $1.865 million in client funds in what a judge described as a “cruel and deceitful betrayal”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC scores ‘narrow’ win in case against ex-Tennis Australia director
ASIC 2020-07-31 12:43 pm By Miklos Bolza

A judge has handed ASIC a “narrow” win in its action against former Tennis Australia director Harold Mitchell, tossing most of the regulator’s case and accusing it of “confirmatory bias”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC says ‘light touch’ approach to class action funders to end
Class Actions 2020-07-29 10:16 pm By Miklos Bolza

The Australian Securities and Investments Commission told the government’s class action inquiry that it was committed to making the existing class action regime work with upcoming regulations that will spell the end of its “light touch” approach to litigation funders.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Investment scheme wound up after ‘systematic misappropriation’ of $7M in funds
Restructuring & Insolvency 2020-07-28 9:49 pm By Miklos Bolza

A court has granted ASIC’s bid to wind up an illegal managed investment scheme whose operators fled to India following the “systematic misappropriation” of almost $7 million in investor funds.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ex-Bellamy’s director Jan Cameron pleads not guilty to disclosure charges
Securities 2020-07-24 10:58 pm By Christine Caulfield

Former Bellamy’s Australia director Jan Cameron has pleaded not gulty to two charges stemming from an alleged failure to disclose her stake in the organic baby food company.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Finance experts recruited to advise ‘complex’ $17M tax fraud, police say
Tax 2020-07-22 9:04 pm By Alison Eveleigh

Federal police have charged 12 members of an alleged sophisticated criminal syndicate, including construction industry figure George Alex, which authorities say enlisted the help of financial industry experts and former bankers to pull off a $17 million fraud.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?