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Showing 1 - 10 of 120 results for "Lawsuit"

Dexus forced to sell stake in airports

KARREN VERGARA  |  MONDAY, 1 JUN 2026
... been ordered to sell its stake in major airports following a court order, underscoring a win for the IFM Investors-backed lawsuit. Last week, the NSW Supreme Court ruled Dexus must commence the "compulsory process to offer for sale the shares comprising ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... Guardian Master Fund collapse for an AFCA determination it does not agree with. This is on top of the advice group's lawsuit against AFCA filed on February 24, contesting a December 2025 determination. InterPrac took issue with the way in which blame ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
... Complaints Authority (AFCA) determination it is vehemently contesting. The new proceeding comes off the back of InterPrac's lawsuit against AFCA filed on February 24. The concise statement filed with the Federal Court dated May 7 shows InterPrac ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
Macquarie Investment Management breached the Corporations Act by failing to place the Shield Master Fund on a watch list, the Federal Court has found. Handing down findings today, Justice Wheelahan determined Macquarie should have placed the fun on ...

Vanguard pays $40m in ESG antitrust lawsuit

JAMIE WILLIAMSON  |  TUESDAY, 3 MAR 2026
Vanguard will pay more than $40 million to settle a lawsuit brought by 13 Republican states that claimed it, along with BlackRock and State Street, sought to damage the US coal industry through climate activism. The case was brought in late 2024 by ...

CalSTRS secures US$190m settlement against Meta

JAMIE WILLIAMSON  |  TUESDAY, 25 NOV 2025
... System (CalSTRS) has won a landmark settlement against current and former directors and officers of Meta. The derivative lawsuit was brought to the Delaware Court of Chancery several years ago on behalf of Meta shareholders over the group's repeated ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... Sequoia Financial Group's share price has dived nearly 50% since the start of the year, compounded by ASIC's recent lawsuit against subsidiary InterPrac Financial Planning, which has wiped millions from its market cap. Sequoia's share price ...

FNZ raises fresh capital for growth plans

RIDDHIMA TALWANI  |  THURSDAY, 13 NOV 2025
... across North America, Europe, Asia Pacific and Africa," FNZ said. FNZ employee shareholders in July officially filed a lawsuit against FNZ, alleging the global technology firm and its board substantially diluted their ownership with several capital raises. ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
Colonial First State and AIA Australia will pay a combined $140 million to settle a class action lawsuit brought by hundreds of thousands of super fund members who paid excessive insurance fees. The class action was launched by Shine Lawyers in January ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
Equity Trustees (EQT) vows to defend itself against ASIC's lawsuit alleging it failed superannuation trustee duties over the collapse of the Shield Master Fund, as details emerge of how one of its analysts red flagged the product but was allegedly ...
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