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Showing 271 - 280 of 296 results for "Class action"

Great Southern investors fight back

COMPANY RELEASE  |  FRIDAY, 28 MAY 2010
... loans given to invest into failed agribusiness investment schemes, including loans provided by Adelaide Bank. The class action covers 1,700 investors in Great Southern's managed investment schemes who invested in 2005 or later. These include cash investors ...

Investors get more from Westpoint settlement

ASIC RELEASE  |  WEDNESDAY, 19 MAY 2010
... insurer, QBE Insurance (Australia), for $2.5 million. The settlement is subject to the approval of the court. The class action was initiated against Glenhurst in August 2008, and seeks compensation for Glenhurst clients who invested in certain financial ...

Market Wrap - Midday

AAP  |  FRIDAY, 14 MAY 2010
... were suffering after reports that nine global banks were facing probes in the US, which followed the threat of a class action against local banks over exception fees. At 1201 AEST, Commonwealth Bank was down $1.01, or 1.84 per cent, at $53.93, Westpac ...

Market Wrap - Midday

AAP  |  THURSDAY, 13 MAY 2010
The Australian stock market had gained ground at noon after positive Australian employment figures with the resource sector leading the charge. At 1209 AEST, the benchmark S&P/ASX200 index was 57.3 points higher, by 1.25 per cent, at 4,630.3 points ...

Westpoint investors win $13.5m compensation

ASIC RELEASE  |  THURSDAY, 4 MAR 2010
... successfully obtained court approval of a $13.5-million settlement from State Trustees on behalf of Westpoint investors. The class action initiated by ASIC against Melbourne based trustee company, State Trustees, relates to investments made in Mezzanine ...

ASIC presses on with Westpoint compensation

ASIC RELEASE  |  MONDAY, 30 NOV 2009
ASIC has reached an agreement to settle class actions against Bongiorno Financial Advisors, which has links to the failed Westpoint Group. An ASIC statement late last week noted that the watchdog had agreed to settle actions against Melbourne-based ...

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
Professional Investment Services has reached an agreement with ASIC to settle a class action brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice ...

Shareholder claims hike D&O costs

MICHELLE BALTAZAR  |  MONDAY, 4 MAY 2009
... provider, Liberty International Underwriters, said that the landscape has changed from the occasional shareholder class action only five years ago to practically one lawsuit everyday. The number of litigation has reached a point that will force underwriters ...

Masu settles Westpoint case

MICHAEL HOBBS  |  FRIDAY, 28 NOV 2008
Masu Financial Management has settled a class action brought by the Australian Securities and Investment Commission (ASIC) for 85 investors sold Westpoint Group financial products. The Federal Court of Australia settled the two remaining complaints ...

Market Wrap - Morning

AAP  |  FRIDAY, 25 JUL 2008
... September share price index futures contract fell 102 points to 5,040. Today, the Centro Properties Group shareholder class action case is expected to resume in the Federal Court. FOXTEL Chief Executive Kim Williams will deliver a speech to the American ...