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Showing 21 - 30 of 120 results for "Lawsuit"

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025. This ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... order to the court that "seeks to spread the cost of the funder's entitlements equally across all group members of the lawsuit. "It does so by reducing each Group Member's entitlement to share in the Settlement Sum by a proportionate share of ...

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... financial circumstances. Former E&P chief executive Alan Dixon and former director Christopher Brown were also named in the lawsuit led by Shine Lawyers. Shine Lawyers is set to receive some $3.26 million out of the $16 million. "The representative proceeding ...

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... advisers invested their money in the in-house product by not considering their best interest. Last November, E&P settled the lawsuit for $16 million and was due to be approved by the Federal Court on April 3. "Justice Thawley has adjourned the settlement ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... dollars. The bags are not able to be bought online and are not displayed in Hermes stores for the general public. The lawsuit alleges "only those deemed worthy" of buying the Birkin will be shown the handbag, typically in a private room, and they can ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
ASIC's action against Finder Wallet has fallen flat as the Federal Court rejected allegations it was spruiking a financial product related to cryptocurrency. Justice Markovic yesterday dismissed ASIC's case against Finder.com's Finder Wallet and its ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... federal court will decide if the conditional settlement announced on 14 November 2023 should be given the green light. The lawsuit led by Shine Lawyers alleged that E&P's financial advisers, when they were operating under DASS, gave unsuitable advice ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
The corporate regulator filed a lawsuit against a Queensland man who allegedly deceived people he knew into handing over $100 million to invest in companies he owned without a financial services licence. ASIC commenced proceedings in the Federal Court ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... discrepancy from the time Caddick started her operation in 2012 to 2020 when she disappeared. One client in Mackay Chapman's lawsuit, who was retired, saw life savings disappear thanks to Caddick, who operated Maliver without an AFSL and used another ...

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... eligibility of all group members who registered has been assessed," Slater & Gordon said. Slater & Gordon brought the lawsuit on behalf of members of the BT Super for Life Superannuation Fund (SFL) between 29 October 2007 and 28 February 2011 who were ...