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Showing 11 - 20 of 100+ results for "class action"

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
A Shine Lawyers class action against IFM portfolio company Tandem made it harder for the subcontracting firm to win business in the lead up to its administration, according to IFM Investors chief executive David Neal. Neal was quizzed about the firm's ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... service an AMP client book. That was the price set by AMP. It was never a market value," he said. This set in motion a class action brought against AMP by its own advisers. The action is ongoing, with AMP Australia chief executive Scott Hartley declining ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... that IFM Investors had put Tandem Group (a telecommunications company which it owns) into administration due to a class action. Wilson alleged the company was ripping off contractors and employees. Silk confirmed he had questioned IFM on the matter after ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
Clients who claimed Commonwealth Bank financial advisers put them in expensive CMLA life insurance policies instead of cheaper alternatives have been asked to work to a new group definition. The group proceedings were filed by Diana Tyrrell and Edward ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
IFM Investors has been named in a class action regarding the Colonial Pipeline, which the industry fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... manipulating the LIBOR rate to the advantage of hedge funds. The scandal also resulted in US homeowners filing a class action against their mortgage lenders, claiming that LIBOR manipulation made mortgage repayments more expensive. This case was based ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation of the class action industry, which was handed down on 21 December 2020, contained 31 recommendations. The report showed the growth of litigation ...

Court says minister has 'duty of care' in coal investment

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
... changing its policies around climate change - which Barnden and McVeigh chalked up as a success. This latest case was a class action brought by the students against Environment Minister Sussan Ley in September 2020. The students alleged that approving ...

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... not be known until individual cases have been reviewed and compensation offers made." Count Financial is facing a class action for commissions paid to its financial advisers from 21 August 2014 to 21 August 2020. The law firm Piper Alderman representing ...

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
... breaching the Corporations Act. NULIS itself copped $8 million of the fine. Earlier this year, NULIS was named in a class action brought by Maurice Blackburn on behalf of 330,000 MasterKey members who accuse the trustee of breaching its duties by delaying ...