Dover Financial director taken to court for misleading clients

Dover Financial director taken to court for misleading clients

Terry McMaster (pictured) famously collapsed during a royal commission hearing in April. His company, Dover Financial Advisors, followed suit only weeks later after turning in its financial advisory license to the Australian Securities and Investments Commission (ASIC) as part of an enforceable undertaking. Now, the watchdog has commenced...

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Aged care providers tank in wake of royal commission announcement

Aged care providers tank in wake of royal commission announcement

After Prime Minister Scott Morrison announced a royal commission into Australia's aged care system the preeminent providers of the service on the ASX saw their shares take a tumble. At 12.20pm AEST Aveo is down 4.28 per cent to $2.16, Estia is down 18.3 per cent to $2.41 per share, Japara is down 14 per cent to $1.44, and Regis Health...

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ASIC to take second bite of the pie in ANZ cartel scandal

ASIC to take second bite of the pie in ANZ cartel scandal

Back in June, ANZ, Citigroup, and Deutsche Bank got caught up in a widely publicised scandal relating to alleged criminal cartel charges. The Australian Securities and Investments Commission laid charges against the banks and several senior personnel from each of the financial institutions. Today, ASIC has once again gone after ANZ fo...

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Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Shock claims backfire on Alan Jones in largest defamation payout in Aussie history

Controversial radio star Alan Jones has failed to defend the defamatory claims he made surrounding the 2011 Grantham floods, resulting in Australia's largest ever defamation payout of $3.75 million in damages. The Sydney shock jock and broadcaster for 2GB and 4BC radio was found to have defamed the Wagner family over 27 broadcasts mad...

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Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon announces all-out attack on banks to get your super back

Slater and Gordon is launching a full-on assault on Australia's financial institutions in a campaign to secure more than one billion dollars in super from the banks. Their campaign is called Get Your Super Back and it is shaping up to be an intensive, lengthy, and expensive battle. "Slater and Gordon will take on the banks on...

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Slater and Gordon on the long road to recovery

Slater and Gordon on the long road to recovery

Slater and Gordon (ASX: SGH) continues to cut its losses on the long claw back from the $1 billion hit it sustained at the hands of a disastrous acquisition in the United Kingdom over two years ago. The Melbourne-headquartered law firm today posted its first profit since the botched acquisition of UK business Quindell in 2015 which result...

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Financial advice institutions to refund over $800 million

Financial advice institutions to refund over $800 million

As the revelations from the Royal Commission continue to pour in, the Australian Securities and Investment Commission (ASIC) has revealed that, in total, Australian financial advice institutions will refund customers over $800 million in reparations over fees for no service (FFNS) programs. The big four banks (ANZ, CBA, NAB, and Westpac) ...

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Meriton slogged with $3m fine for misleading customers on TripAdvisor

Meriton slogged with $3m fine for misleading customers on TripAdvisor

The latest from the Federal Court might make you want to reconsider how much trust you place in TripAdvisor. Meriton was ordered on Tuesday to pay a $3 million fine for misleading customers on hotel review site TripAdvisor after engaging in the process of 'masking' email addresses. By 'masking' guests that the hotel ch...

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Europcar in ACCC bungle over alleged excessive surcharges

Europcar in ACCC bungle over alleged excessive surcharges

The ACCC has launched proceedings against Europcar in the Federal Court, alleging the car rental service has been hitting its customers with excessive credit and debit card charges. The court will hear that Europcar customers who used Visa or MasterCards during July and August 2017 incurred excessive surcharge fees, above what it cost the...

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AMP takes a swipe at 'independent' report claims

AMP takes a swipe at 'independent' report claims

Financial services giant AMP (ASX:AMP), in response to a damning investigation by Four Corners, has taken a swipe at suggestions that a report it commissioned last year by the AMP board could be construed as fully independent.

The report was prepared by law firm Clayton Utz on behalf of AMP in relation to allegations that AMP was issuing...

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Emanuel Exports' affiliate has export licence suspended

Emanuel Exports' affiliate has export licence suspended

A second live export company, closely affiliated with the company behind the tragic Awassi Express voyage, has had its export licence suspended. EMS Rural Exports has been denied a permit to ship the sheep to the Middle East, following considerable outrage from the public, press, and interested animal rights organisations. The suspens...

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"Bullshit": despite suspension, Emanuel Exports continues with live export of sheep

"Bullshit": despite suspension, Emanuel Exports continues with live export of sheep

Emanuel Exports has found a loophole to continue exporting live sheep from Australia despite its licence being suspended. The company behind the Awassi Express shipment that captured the nation's attention and spurred on significant national protest is attempting to use an associated company to send another load of sheep to the Middle...

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It's all over red rover for Dover following ASIC undertaking

It's all over red rover for Dover following ASIC undertaking

Dover Financial Services will turn in its financial advisory licence at the end of next week, as an Australian Securities and Investment Commission (ASIC) investigation into the company's 'systematic failings' is ongoing. The financial services company, which was also subject to a Royal Commission grilling earlier this month, ...

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Air NZ penalised $15 million for price fixing charge

Air NZ penalised $15 million for price fixing charge

The Australian Federal Court has penalised Air New Zealand (Air NZ) with a $15 million fine after the ACCC took legal action against a global air cargo cartel. The Court found Air NZ made and gave effect to agreements with other airlines to fix the price of fuel and insurance surcharges on air freight services from Hong Kong, and insuranc...

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Slater & Gordon refutes ABC's allegations of "claim farming"

Slater & Gordon refutes ABC's allegations of "claim farming"

Slater & Gordon (ASX: SGH) has hit back at the ABC following Sunday's report that the law firm has been engaged in the practice of "claim farming" using data obtained by online doctor booking service HealthEngine. The ABC alleged over the weekend that Slater & Gordon had been paying a marketing firm called PreLegal $...

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Emanuel Exports suspension takes industry closer to its demise

Emanuel Exports suspension takes industry closer to its demise

The live export industry is edging precariously to its eventual demise after Australia's largest live sheep exporter Emanuel Exports had its export licence suspended. The Federal Agriculture Department suspended the live export licence of Emanuel Exports as it investigates whether the exporter has been complying with animal and livest...

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Kidnapping phone scam targets Chinese students in Australia

Kidnapping phone scam targets Chinese students in Australia

The ACCC has warned Australia's Chinese community of a recurring scam that involves threats of arrest and extortion via fake kidnappings. Having already caused victims $1.15 million worth of losses, the perpetrators appear to be targeting Chinese Australians nationwide. The terrifying scam comes in two forms but mostly threatens C...

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ASIC launches legal proceedings against former Quintis managing director

ASIC launches legal proceedings against former Quintis managing director

Now defunct and previously ASX listed company Quintis is back in the firing line after ASIC announced it has launched legal proceedings against former Quintis managing director Frank Wilson. The corporate watchdog will allege that Wilson failed to discharge his duties as a director in 2017. The proceedings allege Wilson failed to disc...

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Slater and Gordon becomes fourth law firm to take on AMP in class action

Slater and Gordon becomes fourth law firm to take on AMP in class action

AMP (ASX: AMP) has been hit with a fourth shareholder class action, this time by Slater and Gordon. Slater and Gordon says it has filed proceedings against the wealth management business in the Federal Court of Australia, adding that it will act on a no-win, no-fee basis. The class action relates to the controversy that arose during t...

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Kogan caught in a lawsuit after allegedly infringing on rival's trademark

Kogan caught in a lawsuit after allegedly infringing on rival's trademark

Two of Australia's leading e-tailers have taken their dispute to the courts, with Catch Group suing major competitor Kogan (ASX: KGN) over trademark infringement. As reported by Lawyerly, Catch Group has alleged that Kogan violated its "catch" trademarks and consumer law through its sponsored links on Google which used the w...

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Wilson Security hit with $740,000 penalty for failing to provide services in WA

Wilson Security hit with $740,000 penalty for failing to provide services in WA

Wilson Security has been ordered to refund 320 West Australian customers after it charged for security patrols that were not provided. Wilson was found to have breached Australian Consumer Law and was ordered to pay a total refund bill of $740,000. The company was contracted to provide internal premise security patrols for 320 co...

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Class action firm takes aim at BHP Billiton over Brazilian dam tragedy

Class action firm takes aim at BHP Billiton over Brazilian dam tragedy

Phi Finney McDonald is preparing a class action against BHP Billiton (ASX: BHP), arguing the resources giant misled investors over the 2015 tragedy which has been called Brazil's worst ever environmental disaster. BHP owns and operates the Germano iron ore mine in Minas Gerais in a joint venture with Brazilian company Vale SA.  ...

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Slater and Gordon launches class action investigation against AMP

Slater and Gordon launches class action investigation against AMP

Slater and Gordon (ASX: SGH) has become the third national law firm to fire shots at AMP (ASX: AMP), launching its own investigations into a potential class action against the financial services giant. Backed by litigation funder Therium, Slater and Gordon, is investigating potential allegations that AMP breached its continuous disclosure...

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BOQ, Suncorp to face grilling at Royal Commission

BOQ, Suncorp to face grilling at Royal Commission

The Bank of Queensland (ASX: BOQ) and Suncorp (ASX: SUN) are the next financial institutions set to face the music at the financial services Royal Commission. The third round of public hearings will discuss loans to small and medium enterprises, and will see BoQ and Suncorop face a grilling, alongside the major institutions. Running f...

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APDC launches lawsuit against NEXTDC

APDC launches lawsuit against NEXTDC

The ongoing saga between NEXTDC (ASX: NXT) and the Asia Pacific Data Centre Group Limited (APDC) (ASX: AJD) has come to a head. It was revealed on Thursday morning that APDC has initiated legal proceedings against NEXTDC in relation to a dispute over APDC's claimed "ongoing access rights" at three of NEXTDC's data centre...

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A shitty situation: Pental fined for misleading products

A shitty situation: Pental fined for misleading products

Pental (ASX: PTL) has been ordered to flush $700,000 down the loo after it was found by the Federal Court to have made misleading representations about its product. This shitty situation arose after the company made representations saying its White King cleaning wipes were 'flushable'. "Simply wipe over the hard surface o...

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High profile Brisbane businesswoman Jenny Hutson to face multiple ASIC charges

High profile Brisbane businesswoman Jenny Hutson to face multiple ASIC charges

When she was the chair of childcare giant G8 Education, Jenny Hutson stood at the centre of the company's botched takeover bid of Affinity Education. Now, almost three years following the failed acquisition, Hutson is set to face the music in court against charges of dishonesty and misconduct during her tenure. Following an invest...

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Peter Gordon not out to "replace Slater & Gordon" with launch of new firm

Peter Gordon not out to "replace Slater & Gordon" with launch of new firm

He was one of Andrew Grech's most trusted advisors, infamous for being the only person who could say "no" to Grech, until he left the firm in 2009. Now Peter Gordon has launched a full-service law firm called Gordon Legal, on a mission to fight for the everyday Australian, not the big end of town. The launch of Gordon Le...

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DibbsBarker to shut up shop following partner exodus to Dentons

DibbsBarker to shut up shop following partner exodus to Dentons

Longstanding mid-tier law firm, DibbsBarker, will not be operating beyond 30 April 2018 after 17 of its partners announced they were joining Dentons. The global heavyweight this morning announced it was acquiring 17 of DibbsBarkers' partners and other staff effective 1 May. Following the announcement, DibbsBarker revealed the loss of ...

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Slater & Gordon shares soar following results announcement

Slater & Gordon shares soar following results announcement

Shares in Slater & Gordon (ASX: SGH) have surged 27 per cent in early trade as it released details of operational changes under a new structure with its UK operations to be divested and handed over to US private equity owners. The listed legal services company, which has endured a year of chaos and a falling share price, rebounded fro...

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