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Showing 201 - 210 of 296 results for "Class action"

CBA embroiled in rate-rigging allegations

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
... chief executive Matt Comyn's leadership, which include anti-money and counter-terrorism law breaches, and shareholder class action alleging it failed continuous disclosure obligations. ASIC commenced similar proceedings against ANZ, NAB and Westpac in ...

IMF ramps up funding for CBA class action

EMMA RAPAPORT  |  FRIDAY, 22 DEC 2017
Shareholders in the class action against the Commonwealth Bank will receive funding from two IMF Bentham investment vehicles with aggregated capital of $150 million, moving a potentially record-breaking class action against the bank one step closer. ...

ASIC recoups $40m from NAB and ANZ

ALEX BURKE  |  TUESDAY, 21 NOV 2017
... rate risk management operates and the limited case law which applies to this area," he added. Back in August 2016, a class action lawsuit was also launched against NAB, CBA, ANZ and Westpac, as well as Macquarie and other investment banks, over the same ...

CBA avoids board spill

KARREN VERGARA  |  FRIDAY, 17 NOV 2017
... process of responding to ASIC's request for information for its own investigation, and will "vigorously" defend a class action that alleges it breached continuous disclosure obligations, she said. Livingstone told a public hearing last month that the ...

S&P hit with historic court decision

ALEX BURKE  |  TUESDAY, 31 OCT 2017
Investors in a class action against S&P have secured a historic win in the Federal Court of Australia, which may have international ramifications for other potential cases against the ratings issuer. The class action, represented by global law firm ...

Westpac faces class action over life insurance

KARREN VERGARA  |  MONDAY, 16 OCT 2017
Westpac is facing a class action for allegedly charging higher life insurance premiums via its network of financial planners. Shine Lawyers filed the class action against the bank and its subsidiary, Westpac Life Insurance Services, on behalf of customers ...

Proceedings filed against CBA in Federal Court

ALEX BURKE  |  MONDAY, 9 OCT 2017
Funding for the shareholder class action against the Commonwealth Bank is now unconditional and proceedings have been filed in the Federal Court, marking the beginning of one of the largest shareholder class actions in Australian history. IMF Bentham ...

FSC takes aim at complacency in super

ALEX BURKE  |  WEDNESDAY, 27 SEP 2017
... from age 16 onwards. He even suggested that, in time, this kind of industry behaviour might lead to a member-enacted class action given the potential for missed investment opportunities. The TTS solution to this problem involves taking the focus away ...

ASX healthcare firm denies disclosure breach

ALEX BURKE  |  THURSDAY, 21 SEP 2017
An ASX-listed healthcare firm, currently subject to a potential class action by shareholders which include major Australian asset managers, has complied with an ASIC infringement notice because it has "more important business priorities at this time." ...

APRA names heavyweight panel to investigate CBA

EMMA RAPAPORT  |  FRIDAY, 8 SEP 2017
... stated its intention to provide them with its full co-operation. The panel comes on the heels of potential shareholder class action launched by lawyers Maurice Blackburn with litigation funder IMF Bentham bank last week. CBA is also fighting a Federal ...