The independence of a report by law firm Clayton Utz to ASIC over AMP’s practice of charging customers for services not performed was called into question Tuesday at the Hayne Royal Commission.
Two Commonwealth Bank subsidiaries have entered an agreement with ASIC to pay $3 million for failing to provide annual reviews to customers that paid for the service, adding to the $88 million they have already paid out to 31,500 affected customers.
The maker of the anti-depressant Lexapro faced off Monday against Apotex, Aspen Pharma and Sandoz at a court hearing over the rights to make generic versions of the top-selling product, with a barrister for Lundbeck slamming the three companies’ defence that their drugs were different.
The applicants in a class action against Johnson & Johnson over allegedly defective vaginal mesh products have won court approval to expand the size of the class and seek an order blocking the sale of devices that don’t include a proper warning.
A former treasurer for Coffs Harbour City Council was “careless” for not analysing the financial products he invested millions of dollars of the city’s funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.
In a long-running intellectual property fight with the University of Sydney, an expert witness for ophthalmic diagnostic device maker ObjectiVision has been grilled in the witness box over a report that claims parts of the company’s AccuMap system was copied.
A barrister for actor Geoffrey Rush has accused Nationwide News of wanting to change its defence purely to gain access to Sydney Theatre Company documents blocked by an earlier judgment.
Queensland mining tycoon and former MP Clive Palmer has been hit with a criminal case alleging he violated takeover laws by failing to make an offer after issuing a publicly proposed takeover bid for timeshare business The President’s Club Ltd.
Qantas has struck out a second time in a week in a bid to have an outside lawyer represent it in proceedings before the Fair Work Commission, with a commissioner saying Thursday the airline was “more than capable” of representing itself.
Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to wealth management customers that paid for the service.