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Showing 361 - 370 of 2453 results for "Court"

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
The Federal Court has delayed approving the $16 million class action settlement against Dixon Advisory & Superannuation Services (DASS) as it seeks more information. The class action led by Shine Lawyers, which was also brought against former Dixon ...

Former adviser slapped with 12 charges

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... dishonest conduct for falsifying clients' documents to access their superannuation accounts. The Downing Centre Local Court yesterday slapped the charges on David Mario Valvo while running his practice Your Financial Freedom. ASIC alleged that Valvo ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
The federal court has rejected Provide Capital's "illogical" application to prevent ASIC conducting further investigation into the firm. Justice Rofe dismissed Provide Capital's application that alleged ASIC did not have the state of mind required ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable ...

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... identification number (director ID). ASIC did not name the director, but said on March 19 the person appeared in Downing Centre Local Court to be formally charged with one count of contravening section 1272C(1) of the Corporations Act 2001 by failing ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... covered by a provision held at 30 September 2023. The settlement is without admission of liability and remains subject to court approval. The class action alleged that ANZ's credit card contracts were unfair and contravened the Australian Securities ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
Following a brief reprieve, the number of class actions targeting the financial services sector escalated significantly in 2023. According to a report from Allens, the banking and financial services sector was the second biggest target for class actions ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... to operating the Ponzi scheme. The sentencing hearing for Iervasi will take place on April 22 and April 24 in the Supreme Court of NSW. Following his guilty plea, Sipina was committed to the Sydney District Court for sentencing. His first appearance ...

ASIC ends legal battle: Provide Capital's appeal quashed

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
The Federal Court has dismissed an appeal by Provide Capital; it must now comply with a notice issued by ASIC to produce documents and pay the regulator's legal costs. ASIC had previously served a notice on Provide Capital to produce documents as part ...