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Showing 551 - 560 of 687 results for "Proceedings"

Macquarie to compensate Storm investors in $82.5m deal

STAFF JOURNALIST  |  MONDAY, 18 MAR 2013
Macquarie Group Limited last week announced that it has reached an agreement to settle proceedings brought against it by investors advised by Storm Financial and who had Macquarie margin loan facilities. The settlement, an amount of $82.5 million including ...

PwC partner banned from auditing

BEN COLLINS  |  TUESDAY, 20 NOV 2012
... the duties of an auditor. "The misstatements in the CNP and CER financial statements have led to protracted legal proceedings involving Centro directors, as well as today's undertaking from Cougle," said Price in a statement on Monday.

Guidance sought on Wellington's share distrib plans

MARK STORY  |  MONDAY, 15 OCT 2012
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court challenging whether Wellington Capital Limited (Wellington) is legally able to distribute shares, as opposed to cash, to the unitholders in the ...

Banks take Bell Group case to High Court

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
... on the basis the banks were also liable because they knew the company was in trouble. It sparked the marathon legal proceedings which may now last well into next year.

Judgment reserved for accused Ponzi head

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
... licence, targeted Australian investors and self-managed superannuation funds. Nineteen defendants are named in the proceedings. However, ASIC alleges Hobbs controlled the operation of all 14 funds, and while marketed as separate funds they in fact comprised ...

CBA proffers Storm settlement

BEN COLLINS  |  MONDAY, 17 SEP 2012
... this agreement will bring to a close the legal action against CBA in ASIC's unregistered managed investment scheme proceedings which were brought in the Federal Court of Australia in Brisbane in December 2010. ASIC will continue the unregistered managed ...

Market Wrap - Morning

AAP  |  MONDAY, 10 SEP 2012
... for July. In equities news, the Federal Court is expected to hear Australian Securities and Investments Commission proceedings against Storm Financial, Macquarie Bank, Commonwealth Bank and Bank of Queensland, relating to allegations they ran an unregistered ...

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... Commonwealth Bank, Macquarie and Bank of Queensland are expected to hold an emergency meeting tomorrow ahead of Federal Court proceedings on the 2008 collapse of Storm Financial. The meeting will attempt to negotiate a swift resolution to the trial ...

Lion Adv cancelled/Hickie banned

LINDA HAUSKEN  |  FRIDAY, 17 AUG 2012
... claims." Tanzer added that EDR schemes are equally important as they provide consumers with alternatives to legal proceedings when resolving complaints with their financial service providers. Lion Advantage - which operated four registered managed investment ...

TO Panel rejects HDF complaint

BEN COLLINS  |  TUESDAY, 31 JUL 2012
... reasonable prospect that it would at this stage make a declaration of unacceptable circumstances, and declined to conduct proceedings.