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Showing 1 - 10 of 132 results for "Lawsuit"

Fortnum pays $1.35m to settle ASIC lawsuit

MATTHEW WAI  |  TUESDAY, 13 OCT 2026
Fortnum Private Wealth will pay a penalty of $1.35 million and ASIC's costs to resolve legal proceedings against the firm over a cyber governance matter which occurred between April 2021 and May 2023. Fortnum self-reported the matter to ASIC and ...

ASX to defend legal action brought by shareholder

MATTHEW WAI  |  MONDAY, 12 OCT 2026
... allegations against ASX itself. A Statutory Derivative Action is a legal process that allows a shareholder or officer to bring a lawsuit on behalf of a company to seek a remedy for a wrong done to the company itself. The previous market announcement ...

IAG settles $2.8bn lawsuit with Credit Suisse

ELIZA BAVIN  |  FRIDAY, 25 SEP 2026
... reinsurance arrangements and other indemnities. The settlement comes after IAG also agreed ​to settle a separate $4 billion lawsuit brought by the administrators of Greensill Bank. Greensill Capital was a global supply chain finance firm founded by ...

Pengana-WAM feud over PIA comes to an end

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... exit the board of Pengana International Equities (PIA) following the settlement of the Pengana Capital Group-initiated lawsuit that failed to stop a highly contested buyback. The listed investment trust (LIT) announced that the Pengana-led Supreme Court ...

Pengana takes WAM feud over PIA to Takeovers Panel

KARREN VERGARA  |  WEDNESDAY, 2 SEP 2026
... access buy-back of up to 100% of PIA shares from eligible shareholders. Washington H. Soul Pattinson-backed Pengana in its lawsuit, which is now before the Supreme Court of New South Wales, is fighting for a declaration the shareholder resolution approving ...

Second bidder emerges for Equity Trustees

MATTHEW WAI  |  MONDAY, 24 AUG 2026
Following TPG Global's initial bid for Equity Trustees' holding company last week, a local investor has joined with an improved offer. EQT Holdings (ASX: EQT) has received a proposal from BGH Capital to acquire 100% of the outstanding shares in ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... legal fees incurred paid into the court's account. In May, InterPrac targeted Kee when she became a defendant in the lawsuit against AFCA. The fate of the money will not be known until the outcome of this lawsuit, in which InterPrac argued the complaints ...

Global investment manager bids for Equity Trustees

MATTHEW WAI  |  TUESDAY, 18 AUG 2026
EQT Holdings (ASX: EQT), the holding company for Equity Trustees announced on the ASX it received an unsolicited, indicative and non-binding proposal from a US-based alternative investment manager. TPG Global made the bid at an indicative price of $24.55 ...

ASX shareholder looks to sue directors, officers over CHESS

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2026
... allegations against ASX itself. A Statutory Derivative Action is a legal process that allows a shareholder or officer to bring a lawsuit on behalf of a company to seek a remedy for a wrong done to the company itself. The market announcement did not name ...

Chiodo in ASIC's crosshairs again

KARREN VERGARA  |  TUESDAY, 4 AUG 2026
... Capital, the investment manager of the Shield master Fund. Keystone and Chiodo have both been named as defendants in the lawsuit. Kortesis was a director of Keystone between 29 December 2023 and 14 November 2024. ASIC said its proposed orders would also ...
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