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Showing 151 - 160 of 261 results for "Class action"

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance. The two companies will face Slater and Gordon in Federal Court after the law firm officially filed proceedings. Slater and Gordon allege ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
AMP and Commonwealth Bank have responded to Slater and Gordon's announcement of a potential class action which could see the two parties forced to repay more than $500 million that was unfairly deducted from superannuation fund accounts. Launching ...

IMF Bentham eyes potential Facebook, Cambridge Analytica goldmine

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUL 2018
IMF Bentham will potentially fund a class action against Facebook, having already invested in a complaint against the social media giant in response to the now-infamous Cambridge Analytica scandal. IMF Bentham is funding a new representative complaint ...

Industry responds to Dover shutdown

JAMIE WILLIAMSON  |  TUESDAY, 12 JUN 2018
... it can be painful," he said. Elsewhere, Hamilton Blackstone Lawyers is already investigating the possibility of a class action against Dover on behalf of affected authorised representatives, with managing director Christean Yazbeck inviting advisers ...

Netwealth boosts class action involvement

JAMIE WILLIAMSON  |  TUESDAY, 5 JUN 2018
... Wrap account holders, Netwealth will determine in its absolute discretion as trustee whether to participate in a class action on behalf of members. The fund will then participate on members' behalf. From 31 July 2018 Netwealth will publish details ...

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
Major bank stocks could tumble up to 40% if the correction in the housing market gets more disorderly, UBS analysts led by Jonathan Mott said in a research note dated May 30. However, this "credit crunch" is not yet UBS' base case, even though it ...

AMP Advice risk chief departs

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
... during the financial advice round of the Royal Commission. Earlier this week AMP was hit with its third proposed class action lawsuit over shareholder losses due to the Royal Commission findings. In other news, digital advice experience AMP Goals 360 ...

AMP hit with another proposed class action

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
Maurice Blackburn has jumped on the bandwagon, seeking interest to launch a third class action against AMP. Announcing its action today, the law firm is attempting to attract as many AMP shareholders as possible by way of a "market disrupting" commission ...

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
AMP confirmed it will vigorously defend two class action lawsuits brought against it by shareholders in the wake of the Financial Services Royal Commission. In an ASX announcement on the morning of its AGM, AMP stated it had been served with two class ...

S&P reaffirms Sirtex after new offer from Chinese manager

ALEX BURKE  |  TUESDAY, 8 MAY 2018
ASX-listed healthcare firm Sirtex, whose investors include some of Australia's leading fund managers, will remain in the S&P/ASX 200 after its US takeover has been postponed in light of a new offer. Sirtex entered into a trading halt and then announced ...