Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 231 - 240 of 296 results for "Class action"

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
Commonwealth Bank-owned Financial Wisdom will face a class action started by Shine Lawyers for inappropriate investment advice to more than 3,000 clients. Shine Lawyers confirmed to Financial Standard that the law firm is now collecting evidence to ...

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... financial planning businesses. The media reports also prompted Shine Lawyers to start an investigation into a potential class action against Financial Wisdom. "If an action is brought, Shine Lawyers would seek to recover up to $200 million on behalf ...

Court rules against S&P in Lehmann Brothers class action

LAURA MILLAN  |  THURSDAY, 8 MAY 2014
... claim relating to Lehman Brothers complex products. Church groups, charities and 91 Councils in Australia launched a class action against S&P's decision to give AAA ratings to complex derivative products sold by Lehman Brothers in the lead up to the ...

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... reconstruct each client file, while it cost CBA $5,000 per file. Maurice Blackburn represented CBA victims in the class action against the bank. Bishop asked: "If the process of remediation and reconstruction of files was in itself inadequate and led ...

Investors get conditional agreement against Great Southern

ALICE URIBE  |  MONDAY, 10 MAR 2014
Litigation funder Bentham IMF has reached a conditional settlement against the collapsed agricultural investment scheme Great Southern. According to a release on the ASX, the terms of the settlement remain confidential to the parties and are to be the ...

Market Wrap AM

AAP  |  WEDNESDAY, 5 FEB 2014
... Entertainment is expected to post first half results. And, the Federal Court is expected to make its judgment in the class action case against ANZ. The court is to decide whether the bank's fees of $25-$45 for over limit, late payment and other issues ...

CBA could face legal action over Operation Lantern

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
... settlement that CBA reached with the Australian Securities and Investments Commission (ASIC), which is part of a broad class action against the bank that started in 2010.

Judge orders end of class action against WealthSure

LAURA MILLAN  |  MONDAY, 23 SEP 2013
The Federal Court of Australia has ordered the class action against WealthSure to stop, but it will allow members to continue the proceedings individually. Members of the class action were former clients of Colin James Oberg, a former WealthSure adviser ...

PIS could face class action over "inadequate" advice

LAURA MILLAN  |  THURSDAY, 29 AUG 2013
Slater & Gordon are considering a class action against Professional Investment Services (PIS) after retail investors face losses from the collapse of a Queensland olive farm investment scheme. Over 350 Australians had ploughed approximately $25 million ...

Court ruling on Storm, "a blow" to consumer action

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
... consumer action," the litigator said. Levitt Robinson Solicitors, the firm representing the Storm victims in the class action against Macquarie, has said that the Court's decision could have serious consequences for other cases as well. "The Full Court ...