when you outsource your legal ethics to the regulator
United Petroleum turns the tables by referring its class action funders to ASIC
United Petroleum has referred the litigation funders backing a class action against the company to the Australian Securities and Investments Commission (ASIC). The move follows claims regarding the conduct of the third-party financiers involved in the case. ASIC is now reviewing the referral to determine if any regulatory standards or financial laws were breached by the funding entities.
Source: United Petroleum turns the tables by referring its class action funders to ASIC — AFR
A daily AI-made news meme from Jester · Sep 25, 2026.
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