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Showing 101 - 110 of 142 results for "Legal action"

Perpetual close to recovering $125m for Mahogany

COMPANY RELEASE  |  MONDAY, 9 NOV 2009
... bankruptcy. Following the bankruptcies, payments to Mahogany and Mahogany noteholders stopped. Perpetual commenced legal action against BNY who had failed to release the collateral to Mahogany investors due to pressure from Lehman Brothers. As BNY is ...

Veritate $1m payment not linked to Sunsuper investment

MICHELLE BALTAZAR, ALEX DUNNIN  |  MONDAY, 31 AUG 2009
... did receive the payment however and Heading confirmed that Trinity has engaged senior counsel to advise on possible legal action in relation to the matter. Daley was, at the time of the supposed investment, working at Enhance Corporate, part-owned by ...

CalPERS takes legal action against state furloughs

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
CalPERS, one of the largest US pension funds, has filed legal action seeking a judicial review of California's state-imposed furlough program - stating the scheme inhibits the fund's ability to meet its contractual responsibilities. The California Public ...

Westpoint auditors get just desserts

ASIC RELEASE  |  TUESDAY, 18 AUG 2009
Three KPMG partners have been banned as registered auditors for periods ranging from nine to 24 months following ASIC's crackdown on their roles in the Westpoint collapse. ASIC has accepted enforceable undertakings (EUs) from three partners of KPMG's ...

APRA recovers super assets

COMPANY RELEASE  |  FRIDAY, 31 JUL 2009
... successfully recovered the assets of failed South Australian based Harts Australia Staff Superannuation Fund. APRA took legal action on behalf of the fund's acting trustee to sell a property and recover the assets in the Supreme Court of South Australia. ...

CalPERS portfolio drops 23pc

COMPANY RELEASE  |  TUESDAY, 28 JUL 2009
... with hedge funds and private equity managers to align interests and possibly renegotiate fees. And CalPERS noted its legal action against credit rating agencies to recover losses made due to what the fund said was "misrepresentation of the quality of ...

Push for redemption freeze lifts: PASL

COMPANY RELEASE  |  WEDNESDAY, 15 JUL 2009
... Professional Associations Superannuation Fund (PASL). PASL made the comments in relation to its recent, successful legal action and urged other funds to consider their options. PASL investment manager, Paul Kessell, said that over the past six months ...

FPA stops "highly offensive" ads

MICHAEL HOBBS  |  MONDAY, 9 FEB 2009
... chair, said the advertisements were "highly offensive to financial planners, the [FPA] and its CEO". She said further legal action would be undertaken this week and the association would reconvene on 23 February. Berry said the FPA and Bloch are not ...

Masu settles Westpoint case

MICHAEL HOBBS  |  FRIDAY, 28 NOV 2008
... Australian financial services licences and the law after it sold Westpoint products. ASIC announced it was taking legal action against Westpoint Group for investors seeking compensation for their failed investments in November last year. Besides Masu ...

Moody's takes action after ratings blunder

MICHAEL HOBBS  |  WEDNESDAY, 2 JUL 2008
Moody's Investor Services is taking legal action against a number of its employees and improving its rating processes after it bungled the ratings of 11 European constant proportion debt obligations (CPDO) worth approximately $1 billion. After testing ...