ASIC clears Slater and Gordon of manipulating its accounts

The corporate watchdog has dropped its investigation into debt-strapped listed law firm Slater and Gordon after finding no evidence it had manipulated its accounts in the lead-up to its disastrous foray into the UK.

We should worry about corporate wrongs, not class actions: judge

Concerns that there are too many class actions against companies are ill founded, according to Federal Court judge Bernard Murphy.

Class action fees too expensive, says Perpetual senior lawyer

Perpetual senior lawyer Jessie Moodley told the Corporate Conduct and Class Action symposium in Melbourne fees charged by class action lawyers and funders are "excessive".

No 'Americanisation' of Australian class action system, says top judge

Esteemed Federal Court judge Jonathan Beach has dismissed concerns about the "Americanisation" of Australia's class action system.

Turnbull under pressure as crossbench, Greens join forces for banking commission

• EXCLUSIVE

Pressure is building on the federal government to launch a royal commission into Australia's scandal-plagued banking system.

Housing market at 'heightened risk', but it's not 'the B-word'

Australia's banking regulator says the country's housing market is in an environment of "heightened risk", but he won't say there's a housing bubble.

ASIC warns on housing bubble, cyber threats

The head of Australia's corporate watchdog has again sounded the alarm over Sydney and Melbourne's housing markets, saying they're in the midst of a price bubble.

'Headless chook' Brandis accused of pressuring inquiry

The man in charge of the Productivity Commission's inquiry into access to justice has criticised Attorney-General George Brandis for attempting to influence the outcome of the review. 

Slater and Gordon expected to avoid collapse

Financially distressed listed law firm Slater and Gordon is expected to avoid collapse after confirming that its new senior lenders are supportive of a restructure of the company.