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ASIC drops investigation of former AMP chair Catherine Brenner
Financial Services 2020-08-10 9:58 pm By Christine Caulfield

The corporate regulator will not take former AMP chair Catherine Brenner to court after investigating her conduct as part of probes that are expected to lead to at least five cases against the wealth management firm before the end of the year.

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High Court won’t hear appeal by ex-Storm Financial directors
Appeals 2020-08-07 9:34 pm By Christine Caulfield

The High Court has denied a special leave application by the former directors of defunct financial advisory Storm Financial, after the Full Federal Court upheld a ruling finding they had breached their duties to eleven vulnerable investors by providing an inappropriate, one-size-fits-all model of investment advice.

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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”.

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AMP hit with class action by financial planners
Financial Services 2020-07-29 12:54 pm By Christine Caulfield

AMP has been hit with a cliass action by a group of financial planners over changes to its buyer of last resort policy last year, which cut the number of authoried advisers and retreated from a promise to buy back their businesses at a price based on a set multiple.

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Online gig platform fined $600,000 for misleading reviews
Competition & Consumer Protection 2020-07-22 11:03 pm By Cat Fredenburgh

Online odd jobs platform Service Seeking has been fined $600,000 for falsely representing that reviews on its platform were written by customers when in fact they were written by the businesses themselves.

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HWL Ebsworth’s Sydney partners still working from the office
COVID-19 2020-07-20 11:18 pm By Christine Caulfield

The law firm at the centre of a coronavirus outbreak linked to its Melbourne headquarters is still expecting its Sydney partners to work from the office despite warnings from NSW premier Gladys Berejiklian that the state had reached a “critical point”.

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Funder’s average rate of return a factor in approving class action commission, judge says
Class Actions 2020-07-10 8:50 pm By Christine Caulfield

A litigation funder’s average rate of return on its investment in shareholder class actions was one of a number of factors weighed by a judge in approving a 25 per cent funding cut from the $42 million settlement in a class action against dairy cooperative Murray Goulburn.

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Google to pay publishers for news content
Competition & Consumer Protection 2020-06-25 10:45 pm By Cat Fredenburgh

Google has reached agreements with publishers in three countries to pay for news, as the ACCC works out the details of a mandatory code under which the search giant and Facebook would be forced to pay publishers for news.

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ISignthis seeks $27M in damages from ASX
Article 2020-06-23 10:02 pm By Cat Fredenburgh

ISignthis is ramping up its battle against the ASX, seeking court approval to amend its lawsuit against the exchange to seek more than $27 million in damages for its alleged misleading and deceptive conduct.

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Mayfair to retire ‘Platinum’ brand to put trade mark dispute to rest
Intellectual Property 2020-06-16 11:05 pm By Christine Caulfield

Mayfair 101 has agreed to cease using the brand name Mayfair Platinum to settle a trade mark dispute brought by ASX-listed fund manager Platinum Asset Management.

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