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Showing 101 - 110 of 296 results for "Class action"

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation of the class action industry, which was handed down on 21 December 2020, contained 31 recommendations. The report showed the growth of litigation ...

Court says minister has 'duty of care' in coal investment

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
... changing its policies around climate change - which Barnden and McVeigh chalked up as a success. This latest case was a class action brought by the students against Environment Minister Sussan Ley in September 2020. The students alleged that approving ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... not be known until individual cases have been reviewed and compensation offers made." Count Financial is facing a class action for commissions paid to its financial advisers from 21 August 2014 to 21 August 2020. The law firm Piper Alderman representing ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... breaching the Corporations Act. NULIS itself copped $8 million of the fine. Earlier this year, NULIS was named in a class action brought by Maurice Blackburn on behalf of 330,000 MasterKey members who accuse the trustee of breaching its duties by delaying ...

BNY Mellon partners with FRT

JAMIE WILLIAMSON  |  FRIDAY, 30 APR 2021
... BNY Mellon clients will now benefit from the investment giant's use of Financial Recovery Technologies' securities class action recovery services. The two firms have entered a strategic alliance which will see BNY Mellon use FRT's suite of class action ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
Westpac has settled a class action relating to life insurance sold through its financial advice network. The class action was brought against Westpac Group by Shine Lawyers in 2017. It claimed that between 2011 and 2017, customers who received financial ...

IOOF licensees to take remedial action

JAMIE WILLIAMSON  |  MONDAY, 26 APR 2021
... against RI Advice over cybersecurity breaches between December 2017 and May 2018. Earlier that year, IOOF settled a class action brought by Quinn Emanuel Urqhart & Sullivan over the conduct of IOOF Investment Management and Questor Financial Services ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
Maurice Blackburn's class action against MLC Nominees and NULIS Nominees has moved to the Federal Court, following a decision late last year. The class action brought by Maurice Blackburn against MLC Nominees and NULIS in January 2020 on behalf ...

Commonwealth seeks to stop bond class action

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... 23-year-old student over climate change risk as it relates to government bonds, as the government attempts to stop the class action. Katta O'Donnell is seeking to hold the Australian government to account over climate change risks, through a class action ...

Clime revamps strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 MAR 2021
... Madison practices. Clime also completed work to return funds to investors after its successful participation in a class action against UGL. Clime won an $18 million settlement in the proceedings against UGL, which claimed that it breached its continuous ...