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Showing 11 - 20 of 70 results for "class actions"

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... alleges CBA sold customers overpriced insurance. The law firm filed proceedings against CommInsure on August 21. Class Actions practice leader Craig Allsopp said group members were entitled to compensation because they incurred financial losses as a ...

HESTA takes active approach to class actions

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
HESTA has told the parliament it sees participation in class actions as a form of active ownership. The super fund said it participates in class actions to recover losses but also as a means of encouraging better standards of corporate governance and ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
... insurance, and that it expects ASIC may initiate enforcement action once those investigations come to an end. Touching on class actions, Westpac also said it is aware that certain parties are considering additional legal action and class actions in relation ...

Alex Wade leaves AMP

JAMIE WILLIAMSON  |  THURSDAY, 6 AUG 2020
... units, creating AMP Australia and Wade was named chief executive. His resignation comes as AMP battles numerous class actions, one filed on behalf of its own financial advisers who have seen the value of their businesses decimated by the group's ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... the 5% threshold for significant ownership comes after some turmoil at AMP. Last week alone AMP was hit with two class actions and announced to the market that it expected profits to be 50% lower due to the impacts of COVID-19. One of those class actions ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... against AMP. "We argue all three financial services providers behaved in a way that was unfair and illegal," Shine class actions practice leader Craig Allsopp said. "The sheer number of people affected by these premium rorts shows we're not just talking ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
... action was initially expected to be filed late last year, but was delayed due to new regulation relating to how class actions are funded. It was then expected to be filed in February but was delayed again. It comes as the Australian Small Business and ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
Class Actions Australia has slammed new regulations announced by Treasurer Josh Frydenberg defining class actions as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the ...

Westpac found to be immature, reactive

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... promptly and as efficiently as possible," King said. As a result of the AUSTRAC scandal, Westpac is facing a number of class actions, as well as inquiries by the corporate watchdog. In June 2020, the bank announced 38 staff members have faced punishment ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Nation' claimed that Australia has become a very desirable destination for litigation funders looking to profit from class actions. "The percentages paid to the very victims that are being vindicated by class actions are decreasing," Mathias said ...