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Showing 251 - 260 of 296 results for "Class action"

APRA probe key in NAB case: Lawyers

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
... by the Australian Prudential Regulation Authority (APRA), reported AAP. Lawyers representing NAB shareholders in a class action against the bank, asked Justice Tony Pagone to force APRA to hand over documents related to an APRA probe into NAB's exposure ...

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... conduct and operation of an unregistered managed investment scheme. The banks, which are also involved in an investor class action running alongside that of ASIC, deny the allegations. ASIC has been prosecuting the case since December 2010, however has ...

Commbank knew of potential Storm collapse: lawyers

BEN COLLINS  |  WEDNESDAY, 22 AUG 2012
... when the Townsville-based financial services company collapsed in 2008. Morris, who is representing 300 clients in a class action against the bank, told the court he would be arguing during the trial in September that the bank had acted "unconscionably" ...

Storm's victims counselled against settlement

BEN COLLINS  |  WEDNESDAY, 15 AUG 2012
... estimated 14,000 investors. Victims of the collapse - many of which were small investors - have been involved in a class action, seeking damages against the Macquarie and Commonwealth banks and the Bank of Queensland. ASIC has also been prosecuting the ...

Market Wrap

AAP  |  TUESDAY, 19 JUN 2012
... June 5 board meeting. In equities news, The Federal Court sits in Melbourne to approve recent settlement in Centro class action, while Swift Resources Ltd lists on the ASX. In Australia, the market on Monday gained almost two per cent as relieved investors ...

FOFA misses the mark on investment fraud

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
A finance industry lawyer has warned that the FOFA regulations will not prevent Trio, Storm and Westpoint-type disasters from occuring in the future. "There has been no real change to rules making early detection and pre-emptive enforcement easier against ...

Centro MCS proposes DPF wind-up

MELANIE TIMBRELL  |  FRIDAY, 11 MAY 2012
... entitled to begin the wind up. Centro Retail Australia was involved in a $200 million settlement earlier this week in a class action, with the property investor contributing $85 million of the total. The class action was launched by Slater and Gordon ...

UniSuper responds to criticism

ALEX DUNNIN  |  WEDNESDAY, 14 DEC 2011
UniSuper, one of Australia's largest super funds, came under attack last night, confirming that in the post-GFC volatile investment landscape no fund is immune from criticism. ABC's 7.30 news program last night ran a report on the $27 billion university ...

Calls for more investors in Great Southern class action

ELISE BURGESS  |  MONDAY, 16 MAY 2011
Thousands of investors are anticipated to come forward in the class action against failed agribusiness, Great Southern Managed Investment Schemes. Already some 2,000 investors are part of the case, which returns to court on May 27 seeking further documents ...

Great Southern case rages on

ELISE BURGESS  |  THURSDAY, 21 APR 2011
Investors in a class action against failed agribusiness firm Great Southern live to fight another day after access to new documents has been approved. In a hearing held April 4, former Great Southern directors, Peter Patrikeos and Jeffrey Mews were ...