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Showing 21 - 30 of 296 results for "Class action"

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

ASX bleeds $41bn from delistings

KARREN VERGARA  |  THURSDAY, 9 JAN 2025
... the ASX in September, claiming it was materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, E&P Financial Group's ...

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
A settlement has been reached in the class action filed in the Federal Court against auditors for SMSFs run by Melissa Caddick. The class action - led by Melbourne-based law firm Mackay Chapman - was filed on behalf of 21 original group members. Just ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
MLC will pay close to $65 million to settle a class action that alleged it delayed transferring more than 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and ...

E&P Financial advances delisting

KARREN VERGARA  |  MONDAY, 4 NOV 2024
... 27. E&P's leaders claim the company is materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, the board said, noting ...

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... may be some unforeseen financial impacts from various legal proceedings brought against it. Westpac said while the class action filed against BT Financial Group, Westpac Securities Administration and Westpac Life Insurance (now known as TAL Life Insurance) ...

ANZ, OnePath settle $50m class action

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... OnePath superannuation customers may be entitled to get their super back after Slater and Gordon secured a $50 million class action settlement. The no-fault settlement was reached with ANZ and its former subsidiaries, OnePath Custodians (OPC) and OnePath ...

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... from the ASX, claiming the company is materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, the board said, noting ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... independent company starts doing the calculations and so on for each firm, which includes group A and group B of the class action," he told Financial Standard. Once the calculations, which apply various discounts, are finalised, a notification is sent ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
The Federal Court has approved the $100 million Buyer of Last Resort (BOLR) class action settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions. Justice McElwaine approved the settlement ...