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Showing 91 - 100 of 120 results for "Lawsuit"

Market Wrap - Morning

AAP  |  THURSDAY, 29 SEP 2011
... taking a 4.9 per cent hit after a New York Times report said it is facing a $US50 billion ($A50.67 billion) shareholder lawsuit related to its takeover of Merrill Lynch. The bond market rose slightly. The 10-year Treasury bond yield was at 2.00 per cent ...

Market Wrap - Morning

AAP  |  THURSDAY, 1 SEP 2011
... DAX rose 2.5 per cent at 5,784.85. Shares in Deutsche Telekom slumped 7.6 per cent after the Justice Department filed a lawsuit to stop the company's merger of its unit T-Mobile USA with AT&T Inc. The latest European data published Wednesday was, in ...

Market Wrap - Morning

AAP  |  TUESDAY, 9 AUG 2011
... the day 8.8 per cent down. Bank of America plunged an eye-popping 20.3 per cent after it was hit with a $10.5 billion lawsuit from insurer AIG over its sales of faulty mortgage-backed securities prior to 2008. Aluminum giant Alcoa dropped 11.4 per cent ...

Timbercorp trio face the music

ALISON BEVEGE  |  MONDAY, 23 MAY 2011
... in 2009 with a net debt of more than $900 million. Sol Rabinowicz, Robert Hance and Gary Liddell were all named in the lawsuit led by Victorian firm Macpherson + Kelly Lawyers. The trio face allegations that they did not fully disclose the true state ...

Trustees review fine print

RUTH LIEW  |  THURSDAY, 27 JAN 2011
... drafting of the relevant provisions of the fund's constitution. Commenting on lessons that the industry could learn from the lawsuit's outcome, Damian Hill, chief executive of the $18 billion REST Super, said extensive due diligence has become even more ...

Basis Yield lawsuit continues

COMPANY RELEASE  |  THURSDAY, 26 AUG 2010
Basis Yield Alpha Fund (Master) (BYAFM) released a statement responding to the Goldman Sachs motion to dismiss BYAFM's security fraud suit that is currently pending in federal court in New York. Goldman Sachs has now argued that the case is a foreign ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
Goldman Sachs & Co has paid the US regulator more than $620 million (US$550 million), the largest penalty ever levelled against a financial firm, for allegedly misleading investors regarding the deals behind its sub-prime mortgage product. Goldman Sachs ...

Saved by BP and Goldman

BENJAMIN ONG  |  FRIDAY, 16 JUL 2010
Oil spill? Checked. Lawsuit? Checked. The resolution of these two uncertainties powered Wall Street into a positive close after spending most its trading day worrying about weak economic data at home. Oil spill plugged. BP shares surged by 7.6 per cent ...

Basis Capital lesson far from over

RUTH LIEW  |  THURSDAY, 24 JUN 2010
The collapse of Basis Capital was a tragic example of what happens when a high risk investment goes wrong, but its also a reminder of the importance of a well-diversified portfolio, said a planner who had clients invested in Basis products. Matthew ...

Great Southern investors fight back

COMPANY RELEASE  |  FRIDAY, 28 MAY 2010
Macpherson + Kelley Lawyers has filed a lawsuit for Great Southern investors seeking the court to void loans given to invest into failed agribusiness investment schemes, including loans provided by Adelaide Bank. The class action covers 1,700 investors ...