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Showing 91 - 100 of 100+ results for "class action"

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
Two law firms are working to bring a class action against a retail superannuation fund, with existing and former members suing over conflicted remuneration paid to financial advisers. Suncorp Portfolio Service, also known as Suncorp Super, is facing ...

AMP faces super fee gouge class action

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
AMP said it will "vigorously" defend the class action launched by Maurice Blackburn Lawyers, alleging it overcharged superannuation fund members fees unjustifiably. Backed by litigation funder Harbour, the law firm filed a class action seeking compensation ...

AMP class actions consolidated

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
... launched against AMP can proceed. In a judgement late last week, the NSW Supreme Court ordered only one of the five class action lawsuits filed against AMP in the wake of its Royal Commission appearances should be allowed to continue. The class actions ...

Major instos hit with cartel class action

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
Maurice Blackburn today filed a class action in the Federal Court suing UBS, Barclays, Citibank, Royal Bank of Scotland and JP Morgan. The class action alleges the banks colluded to rig foreign exchange rates during a period between January 2008 and ...

Blue Sky enters receivership

KANIKA SOOD  |  MONDAY, 20 MAY 2019
The ASX-listed alternatives fund manager was placed in receivership this morning, as its financier exercised its rights after Blue Sky breached a term of its $50 million loan facility. Oaktree Capital Management has appointed restructuring specialist ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
IOOF has responded to being served with a class action proceeding filed by Quinn Emanuel Urqhart & Sullivan. On Friday the law firm announced it had filed proceedings against IOOF,based on evidence given at the Royal Commission and legal proceedings ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... ANZ revised its wealth sale agreement with IOOF following APRAs regulatory action. IOOF is also facing a potential class action from investors who bought IFL stock between 27 May 2015 and 6 December 2018. The proposed action argues that IOOF was aware ...

Westpoint investors to receive $1.5m

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
A class action launched by ASIC has seen $1.5 million return to investors in Westpoint Group. More than 200 former Wespoint investors who were members of a class action moved against Brighton Hall Securities by the corporate regulator will see $1.5 ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
The lawyer who led $300 million of claims during the Storm Financial crisis is preparing a class action against IOOF. Quinn Emanuel partner Damian Scattini said the firm will next week file a claim in the Supreme Court of New South Wales. The class ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
While IOOF remains confident it will be successful in acquiring ANZ's pensions and investments business, Morningstar is not convinced. Despite yesterday's news of amendments to the contract of sale agreed between IOOF and ANZ, the research house said ...