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Showing 581 - 590 of 819 results for "Settlement"

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... concurrently, with lawyers pursuing a private action against the banks counselling clients not to accept an out-of-court settlement even if one is sought by ASIC. The Federal Court proceedings are due to commence on Monday, although if negotiations are ...

Ruling returns $62 million to MF Global customers

MELANIE TIMBRELL  |  THURSDAY, 30 AUG 2012
... although futures clients were not. Overnight, Louis J. Freeh, a trustee of MF Global Holding Ltd. called for a "global settlement" amid the scramble to recover money, saying in a US court filing that rather than paying out to customers, money should ...

Commbank knew of potential Storm collapse: lawyers

BEN COLLINS  |  WEDNESDAY, 22 AUG 2012
... pursuing a private action against the banks, Stewart Levitt, counselling his clients not to accept an out-of-court settlement if one is sought by ASIC. Levitt told Financial Standard that this would allow the banks to avoid scrutiny of their misconduct ...

Break ASX clearing monopoly: Chi-X

LINDA HAUSKEN  |  MONDAY, 20 AUG 2012
The Chi-X wants the ASX to give up control of its current monopoly of clearing and settlement, claiming it will place downward pressure on prices and lead to improved service delivery. Clearing refers to all activities from the time a commitment is ...

Storm's victims counselled against settlement

BEN COLLINS  |  WEDNESDAY, 15 AUG 2012
... the lawyer representing victims of the failed Storm Financial Group has advised clients not to accept an out-of-court settlement, should one be offered. Levitt advised his clients not to support any move by the Australian Securities & Investments Commission ...

ASX flags concerns over losing single operator status

LINDA HAUSKEN  |  TUESDAY, 14 AUG 2012
The Australian Securities Exchange raises a red flag over any loss of its current monopoly on clearing and settlement - claiming the country's financial market stability might be at risk. Up until now the ASX have been the single operator of clearing ...

ACCI calls for right to sue foreign govs

MELANIE TIMBRELL  |  THURSDAY, 9 AUG 2012
... case-by-case basis provisions allowing private companies to sue foreign governments. Known as Investor-State dispute settlement (ISDS) provisions, these would cover breach of contract or property rights. The campaign launched with a letter in July to ...

Barclays fined $A451 million

BEN COLLINS  |  THURSDAY, 28 JUN 2012
... the FSA's investigation and agreed to settle at an early stage. The firm qualified for a 30% discount under the FSA's settlement discount scheme," said the FSA. The penalty represents the largest fine ever imposed by the FSA.

BNP custody and settlement service goes live

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012

Centro settlement approved

MELANIE TIMBRELL  |  TUESDAY, 19 JUN 2012
The Federal Court in Melbourne this morning approved the $200 million class-action settlement to more than 5000 Centro investors from Centro and its former auditor, PricewaterhouseCoopers. Justice John Middleton said he found the settlement fair and ...