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Showing 111 - 120 of 296 results for "Class action"

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
ANZ and Commonwealth Bank (CBA) have both reached an agreement to settle a class action in the US related to the trading of bank bill swap (BBSW) products in 2016. The class action commenced in 2016 in the United States District Court for the Southern ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under ...

AMP adviser numbers shrivel

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... made the decision that they weren't economically viable," Macdonald said. AMP Financial Planning advisers filed a class action against the institution in July 2020 over its revaluing of Buyer of Last Resort agreements.

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
Slater and Gordon have filed a class action against ANZ and its former subsidiaries OnePath Custodians and OnePath Life as part of its #GetYourSuperBack campaign. Filed in the Federal Court in December 2020, this makes the fifth class action launched ...

IPO Wealth trustee hit with class action

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
Slater and Gordon issued the embattled IPO Wealth Fund with a class action late last week. The firm will represent unitholders in the IPO Wealth Fund, which is currently being wound up by trustee Vasco Trustees after the Victorian Supreme Court ordered ...

AMP appoints advice transformation manager

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... at Westpac, Citi and Macquarie Group. Her appointment comes amid upheaval for AMP's financial adviser network. A class action was filed in July against AMP by its own advisers in relation to the institutions decision to slash Buyer of Last Resort valuations. ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
... Barnden who has two other cases related to climate change on foot. O'Donnell v Commonwealth and Ors is a potential class action with lead claimant Katta O'Donnell, who owns Australian government bonds. O'Donnell is seeking to hold the Australian ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... monitor financial crime and anti-money laundering under the eyes of AUSTRAC on October 29. The law firm filed the class action in January this year at the US District Court for Oregon on behalf of investors who purchased Westpac shares between 11 November ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... The deal excludes the bank's 37.5% equity interest in BoCommLife Insurance Company. It was only last month that a class action lawsuit was filed against CBA by Shine Lawyers on behalf of customers who obtained CommInsure life insurance products recommended ...