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Showing 1 - 10 of 70 results for "class actions"

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... Services began looking into the regulation of the industry it received backlash, particularly after Frydenberg defined class actions as managed investment schemes.

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... $249 million relates to banking, wealth and other employee-related remediation. The bank is juggling a number or class actions. It is defending itself against four superannuation class actions that involves Colonial First State Investments (CFSI). The ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... executive and managing director Angus Armour said the changes to disclosure obligations will help companies against class actions and insurance costs. "This reform provides greater certainty for companies to make disclosures to the market, without the ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation ...

BNY Mellon partners with FRT

JAMIE WILLIAMSON  |  FRIDAY, 30 APR 2021
... custody, tax and network management Caroline Butler said she is pleased to have partnered with FRT. "As securities class actions become more complex on a global level, our strategic alliance with FRT provides clients with automated solutions that are ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... an announcement to the ASX that the settlement is still subject to Federal Court approval. Shine Lawyers head of class actions Jan Saddler said the settlement is a great outcome for the class action members. "We encourage all those customers of Westpac ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... negligence with respect to updates on price sensitive information to the market". This will discourage "opportunistic class actions" under continuous disclosure laws, he said, noting that during the temporary provision period (due to expire in March ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
Westpac has agreed to settle two separate class actions relating to anti-money laundering breaches and rate rigging initiated in the US for undisclosed amounts. The bank settled the action filed by Rosen Law Firm relating to its failure to monitor financial ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... Lawyers on behalf of customers who obtained CommInsure life insurance products recommended by a CBA-licensed adviser. Class Actions practice leader Craig Allsopp said group members were entitled to compensation because they incurred financial losses ...

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... today or wait for the class action," he said. The Advisers Association has asked AMP to not use the clause about class actions for advisers that are already in the process of exiting. Macdonald said discussions are ongoing. "The decision to reset AMP's ...
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