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Showing 411 - 420 of 2453 results for "Court"

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... companies. Sadly, these investors were taken advantage of and their funds were used dishonestly," said ASIC deputy chair Sarah Court. "Today's criminal outcome sends a strong message that dishonest conduct by directors will be investigated and prosecuted." ...

Federal Court appoints receivers to investigate Brite Advisors

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
The Federal Court has appointed Linda Smith and Robert Kirman of McGrathNicol as corporate receivers to probe Brite Advisors, following serious concerns about the management of client pension funds. Smith and Kirman will investigate Brite Advisors and ...

Former adviser misled ASIC during investigation: Court

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... Partners. He was banned from leaving the country in June. On December 14, Ridgway appeared at the Southport Magistrates Court in Queensland. He was charged on two counts of providing false or misleading information during a compulsory examination, hence ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... as a director of ASX-listed Creso Pharma (now Melodiol Global Health). The proceeding, due to take place in the Federal Court, seeks orders to disqualify Blumenthal from managing corporations for five years and impose a pecuniary penalty. ASIC alleged ...

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
Mitsubishi UFJ Financial Group (MUFG) is set to pay $1.2 billion for Link Group. MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank) parties signed the scheme implementation deed today that will pay $2.26 cash for every ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... subsidiaries, including AMP Services, NM Super, AMP Super, and AWM Services, were served with legal proceedings in the Supreme Court of New South Wales by Munich Re in April 2023. The proceedings regard the manner in which both Munich Re and Resolution ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Close to 100% of investors trapped in the failed LF Woodford Equity Income Fund have approved the compensation scheme under which up to $438 million will be paid by Link Fund Solutions. About 93.7% of investors - representing 96.1% of the value - voted ...

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
The Federal Court has slapped ANZ with a $900,000 fine for breaching its continuous disclosure laws about eight years ago. In October, the court found the banking giant had contravened continuous disclosure laws by failing to tell the market its underwriters ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... unregistered managed investment scheme run by Linchpin Capital. Endeavour Securities was the responsible entity. The Federal Court later found the directors of the scheme had used money sought from investors for their personal use, including signing ...