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Showing 1 - 10 of 72 results for "NSW Supreme Court"

Dexus forced to sell stake in airports

KARREN VERGARA  |  MONDAY, 1 JUN 2026
... 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 the Dexus Bloc to remaining APAC ...

Fiducian to pay $7.3m greenwashing fine

KARREN VERGARA  |  TUESDAY, 31 MAR 2026
... the proposed pecuniary penalties or cost orders. A date will soon be set to finalise the proceedings by the NSW Supreme Court. Fiducian offers four core funds - Capital Stable, Balanced, Growth and Ultra Growth. The funds management unit reported $6 ...

First half steady, net inflows positive for Fiducian

KARREN VERGARA  |  MONDAY, 16 FEB 2026
Fiducian Group said it kept the business steady and took in positive net inflows in the first half of the 2026 reporting period amid a turbulent backdrop. According to Fiducian chief executive Indy Singh, the ASX-listed financial services firm kept ...

Macquarie Securities to pay $35m for misleading data reporting

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... could be between 298 million and 1.5 billion short sales. ASIC lodged civil proceedings against MSAL in the NSW Supreme Court in May. MSAL has also admitted to incorrectly reporting regulatory data for more than 633,000 orders submitted to the market ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... with its cybersecurity obligations that exposed the information of its financial advisers and clients. In the NSW Supreme Court, ASIC alleges Fortnum exposed its authorised representatives (ARs) and clients to an "unacceptable level of risk of a cyber-attack ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... supposedly misreporting millions of trades over 14 years. ASIC lodged proceedings against Macquarie Securities in the NSW Supreme Court, claiming that, between December 2009 and February 2024, it failed to correctly report at least 73 million short sales. ...

IAM mandate grows to $130m

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... Separately, BGC Partners Australia, trading as Fixed Income Solutions, has taken subsidiary IAM Capital Markets to the NSW Supreme Court alleging that its former staffers breached the restraints of trade provisions of their employment contracts. "IAM ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... tanked following revelations of alleged misconduct by the Financial Services Royal Commission. In May 2019, the NSW Supreme Court ordered the litany of class actions levelled against AMP to merge into one after the Hayne Royal Commission exposed scathing ...

AFCA forced into rule change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... forced into a rule change regarding its jurisdiction over authorised representatives after a court decision. The NSW Supreme Court ruled in the case of DH Flinders v Australian Financial Complaints Authority that AFCA's rules regarding its jurisdiction ...

WAM sees court win over Keybridge

ELIZA BAVIN  |  FRIDAY, 8 JAN 2021
... be void." However, the Supreme Court ruled against Keybridge and costs were awarded against the company. "The NSW Supreme Court decision did not accord with the decision of the two Takeover Panels and, in Keybridge's view, creates a material uncertainty ...
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