Car wash franchisor Geowash has been ordered to pay $4.2 million in penalties for overcharging franchisees to set up outlets and misleading them about how much revenue they could earn.
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing ‘defective’ product disclosure statements.
US litigation powerhouse Quinn Emanuel has lured a leading patent attorney from Allens to grow its Sydney office.
A last ditch effort to resolve a case brought by a restructuring and insolvency solicitor against Russells Lawyers over his dismissal has failed and the dispute will head to trial this year, more than three years after he was sacked.
A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.
A judge has dismissed a defamation case brought over a Today Tonight report that featured a violent confrontation of an Adelaide used-car salesman who allegedly ripped off a customer.
Commonwealth Bank’s wealth management unit Colonial First State Investments faces a new class action on behalf of hundreds of thousands of customers who were allegedly charged excesssive premiums on insurance policies.
Crown Resorts has successfully challenged a ruling allowing law firm Maurice Blackburn to communicate with 18 formerly jailed employees to gather evidence in its shareholder class action against the casino giant.
Two National Australia Bank units have been hit with a class action alleging they violated their duties as superannuation trustees by allegedly failing to transfer members to funds with lower fees.
Bupa has launched court action to block a directive by the Aged Care Quality and Safety Commission as the aged care provider battles a separate case by the ACCC over payments allegedly charged to residents for services they did not receive.