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Showing 11 - 20 of 296 results for "Class action"

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA | THURSDAY, 31 JUL 2025

... and its board substantially diluted their ownership with several capital raises. FNZ B class shareholders filed the class action at the High Court of New Zealand where FNZ is domiciled, claiming the board breached the New Zealand Companies Act 1993 by ...

Two more Shield Master Fund advisers banned

MATTHEW WAI | FRIDAY, 25 JUL 2025

... involving the same practice earlier this month. Additionally, Slater and Gordon Lawyers is exploring a potential class action against the Shield Master Fund and First Guardian Master Fund - calling for investors who have been affected to come forward ...

Law firm eyes First Guardian, Shield class action

ELIZA BAVIN | THURSDAY, 24 JUL 2025

Slater and Gordon Lawyers are investigating a potential class action on behalf of investors in First Guardian Master Fund and Shield Master Fund for allegedly operating a Ponzi scheme with thousands of Australians' superannuation savings. Slater and ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN | FRIDAY, 4 JUL 2025

Shine Lawyers filed a class action against AMP this week alleging AMP Superannuation has slugged investors with excessive insurance fees. Shine Lawyers confirmed the class action has been filed in the Federal Court of Victoria on behalf of hundreds ...

AMP hit with multiple court filings

ELIZA BAVIN | THURSDAY, 3 JUL 2025

AMP has been served two separate legal proceedings; one a fresh class action and the other from Dexus Funds Management. The class action - which has been lodged in the Federal Court of Victoria - has been filed against N.M. Superannuation Proprietary ...

QSuper settles $67m class action

ANDREW MCKEAN | WEDNESDAY, 28 MAY 2025

... out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought against the fund in the Federal Court in November 2021, still requires court approval and is without admission ...

Count Financial class action dismissed

ELIZA BAVIN | WEDNESDAY, 28 MAY 2025

Count Financial has successfully defended itself against a class action which was filed in 2020 alleging it failed to ensure financial advisers were acting in their clients' best interests. The case has been before the court for just shy of five years ...

AMP super class action finally hits court

JAMIE WILLIAMSON | TUESDAY, 27 MAY 2025

A class action that was filed against AMP for charging excessive superannuation fees is finally being heard in court, with the trial kicking off today. In 2019, following the Royal Commission, several law firms sought to commence class actions against ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON | WEDNESDAY, 14 MAY 2025

... was reached in December. At the end of 2024, MLC Super Fund, NULIS Nominees and MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members to MySuper products. The case was brought by Maurice Blackburn ...

FNZ faces revolt from employee shareholders

KARREN VERGARA | TUESDAY, 29 APR 2025

... US$4.5 billion with three capital raises in 12 months. A group of past and present FNZ employees are threatening a class action against FNZ, alleging the dilution of ownership undermines their hard work and dedication to the company and effectively transfers ...

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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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