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Showing 241 - 250 of 296 results for "Class action"

Macquarie and Storm victims settlement "wrong": Court

LAURA MILLAN | MONDAY, 12 AUG 2013

... that the settlement was "not fair and reasonable" because it compensated the Funding Group Members, who brought the class action and who are represented by law firm Levitt Robinson. "The provision for the Funders' Premium afforded an unfair advantage ...

Senior CBA exec puts blame on the bank for Storm disaster

LAURA MILLAN | THURSDAY, 1 AUG 2013

... to Bailey by the Australian Securities and Investments Commission (ASIC) in 2009 was included in the Federal Court Class action currently running in Brisbane against CBA, litigator Levitt Robinson revealed. Bailey was head of Credit and Market Risk at ...

Storm claim unfair and baseless: CBA

LAURA MILLAN | MONDAY, 15 JUL 2013

... accepted their ASIC settlement paying refunds to Mr Levitt's clients who have paid him money to run the Sherwood class action" the bank said. CBA also reminds that the agreement for a settlement was reached last September "with Mr Levitt's full knowledge". ...

Storm lawyers take ASIC and CBA to court over settlement

LAURA MILLAN | FRIDAY, 12 JUL 2013

... said. The claim will be heard on Monday in the Federal Court of Queensland and it has been filed within the existing class action lawsuit against Commonwealth Bank that started in July 2010. "The application challenges ASIC's integrity in the performance ...

Two Storm victims to receive $1.1m in compensation

MARK SMITH | WEDNESDAY, 29 MAY 2013

... achieve fair compensation for all former Storm investors," Medcraft said. Similar claims were made in the Richards class action against Macquarie, though ASIC has appealed the Federal Court's approval of a settlement that would see about 70% of class ...

ASIC appeals Macquarie's Storm settlement

MARK SMITH | MONDAY, 27 MAY 2013

... to approve a settlement between the former clients of Storm Financial and Macquarie Bank. The settlement follows a class action brought against the bank by Sydney law firm Levitt Robinson in the wake of the margin loans scandal which led to the collapse ...

New claimants join class action against CBA

MARK STORY | THURSDAY, 7 FEB 2013

New claimants will participate in a class action brought against the Commonwealth Bank of Australia over the sale of complex debt instruments by Gloucester Shire Council in NSW and self-managed superannuation fund Clurname in the Federal Court last ...

Market wrap AM

AAP | WEDNESDAY, 12 DEC 2012

... company news, a hearing will be held in Victoria's Supreme Court to finalise National Australia Bank's settlement of a class action brought by shareholders. NEW YORK - Wall Street sprang back to life, putting the Dow Jones industrial average on track ...

Storm preyed on the naive: ASIC

MELANIE TIMBRELL | TUESDAY, 25 SEP 2012

Storm Financial consciously targeted unsophisticated retiree investors who owned their homes but were inexperienced in financial matters, a Brisbane court has heard. Allan Myers, QC who is representing ASIC said investors were lured by presentations ...

CBA proffers Storm settlement

BEN COLLINS | MONDAY, 17 SEP 2012

... by CBA customers who borrowed from the bank to invest through Storm, including CBA customers who are members of a class action against the bank which is running concurrently. The $136 million is in addition to payments of approximately $132 million ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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