Troubled sandalwood oil producer Quintis has been hit with a third class action over the company’s lost contract with Nestle unit Galderma, and this time its auditor, Ernst & Young, has been named as a co-defendant.
AMP’s group company secretary David Cullen has been appointed top in-house lawyer, replacing Brian Salter, who was sacked for his role in the fees-for-no-service scandal.
Debt management firm Fox Symes will pay $37,800 in penalties for misleading advertising, including its promise that customers could secure lending approval in 15 seconds.
Cash Converters has agreed to pay $650,000 in a settlement with ASIC after the regulator found the retail pawnbroker routinely breached guidelines governing debt collection.
Three weeks after a court heard Bannister Law could be forced off a massive class action against Ford, Corrs Chambers Westgarth has joined the case to jointly act for the lead applicants.
Telstra has engaged in misleading and deceptive conduct and breached the Australian Consumer Law with its ‘Unlimited’ advertising campaign, a judge ruled Wednesday.
A defamation case by the husband of racing legend Gai Waterhouse against Fairfax Media alleging a Sydney Morning Herald article damaged his reputation has been ordered into mediation by the Federal Court.
Class actions brought by victims of the failed Willmott Forests managed investment scheme have come to a close, two years after a judge issued a stunning ruling rejecting an initial settlement as favoring clients of M&K Lawyers over other investors, and including payment of a hefty legal bill.
ASIC deputy chair Peter Kell has put financial services firm’s on notice that excusing poor behaviour as an industrywide problem won’t cut it anymore.
Westpac faced another tortuous day at the Banking Royal Commission on Tuesday, with general manager of commercial banking Alastair Welsh under the spotlight for inconsistencies in the bank’s small business lending practices.