Search Results | Showing 1 - 10 of 96 results for "class actions" |
| | | AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ... |
| | | | ... billion. As part of is H1 report, the major bank gave an update on its ongoing superannuation and advice-related class actions. CBA said it still has two superannuation class actions before the courts. The first was filed in 2018 against Colonial First ... |
| | | | ... insurance and financial advice businesses, as well as completing the sale of AMP Capital, and settling a number of class actions. She said stepping back was not a decision she made lightly. "AMP has undertaken significant transformation to become a simpler ... |
| | | | ... managed investment scheme. The fund will invest in a diversified portfolio of litigation funding assets, including class actions and insolvency-related litigation in Australia, as well as arbitration and insolvency proceedings across Asia, it said. MSC ... |
| | | | ... millions of Australians who trusted AMP to safeguard their retirement savings," Maurice Blackburn national head of class actions Rebecca Gilsenan said. "The class action alleged that AMP's superannuation trustees prioritised the financial interests of ... |
| | | | Commonwealth Bank (CBA) has defeated the appeals from the Zonia and Baron shareholder class actions in the Federal Court. The Full Court concluded that the appellants did not prove any loss, and there was no award of damages. The two class actions related ... |
| | | | ... Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ... |
| | | | ... Blair Vernon said the $11 million in legal costs was reflective of "the further mobilisation of our response to class actions." It is currently defending a class action in relation to superannuation administration fees. George said AMP "will continue ... |
| | | | ... operating a Ponzi scheme with thousands of Australians' superannuation savings. Slater and Gordon principal lawyer in class actions Andy Wei said the firm is investigating claims that investors were advised to put their superannuation savings into largely ... |
| | | | ... who trusted the AMP trustees to manage their retirement savings responsibly," Shine Lawyers special counsel and class actions practice leader Sarah Thomson said. When addressing the class action AMP said it intends to defend the proceedings. |
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