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Showing 271 - 280 of 726 results for "Proceedings"

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... "Given the proceeding is before the court, EP1 does not propose to provide any further commentary in relation to the proceedings at this time," EP1 told the ASX today. EP1's shares went into a trading halt on November 3 in the lead up to announcing ...

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... of availability. This is the first time ASIC has acted against a timeshare company and has commenced civil penalty proceedings. ASIC classifies timeshare schemes as managed investment schemes and financial products that involve property in the form of ...

CDPP drops cartel charges against ANZ

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... involvement in a criminal cartel case. The CDPP has let ANZ and group treasurer Rick Moscati off the hook as it discontinued proceedings in relation to all charges on the indictment filed on 16 August 2021. ANZ chief risk officer Kevin Corbally said ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... million in remediation for customers and has taken civil action against Westpac," Court said. "Today we add criminal proceedings against CBA. These interventions were necessary because the industry did not put customers front and centre." Between October ...

ASIC sues former Freedom Insurance staff

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... head to Federal Court for their alleged involvement in aggressive sales tactics. ASIC has commenced civil penalty proceedings against former Freedom Insurance managing director of Keith Cohen and quality control manager Robert Oayda for allegedly breaching ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... periods ranging from three to 10 years, for encouraging clients to trade high-risk CFDs. It has also commenced civil proceedings against Forex Capital and its sole director, Shlomo Yoshai. ASIC chased several other OTC derivative issuers involved with ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... from a prudential inquiry to improve its governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. CBA released the thirteenth and final report from its independent reviewer, Promontory ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... Stevens Super, ING Super and MAP Master Super - later known as OneSuper - among other funds. ASIC has commenced civil proceedings against Diversa, alleging that between March 2019 and December 2020 it was aware that ASIC was investigating a business ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... government has released exposure draft legislation for consultation on the distribution of class action proceeds in proceedings involving a litigation funder. If the legislation progresses, it will implement key recommendations of the Parliamentary Joint ...

Link vows to fight class action

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... subsidiary against a class action involving the failed Woodford Equity Income Fund. UK law firm Leigh Day kicked off proceedings against Link Fund Solutions on September 27 on behalf of 100 WEIF investors. Link Group's UK subsidiary has been embroiled ...