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Showing 41 - 50 of 61 results for "Court case"

Funds ignoring foreign exchange risk

MATT WOODINGTON  |  WEDNESDAY, 29 JUN 2011
Australian funds can materially improve their returns over time without taking on extra chunks of risk by taking foreign currency exchange more seriously, the Financial Standard Currency Management Forum heard yesterday. According to Troy Rieck, managing ...

Planners prime legal targets for angry clients

ALISON BEVEGE  |  MONDAY, 18 APR 2011
... has a major effect on them," he said. "The time, the bad press, the expense - even if they are proven right, it (a court case) has a major effect." Tarrant's financial advisory business had to close last year, while the accountancy practice is still ...

Super future hangs on High Court decision

ALISON BEVEGE  |  THURSDAY, 7 APR 2011
Super funds will be keenly watching the outcome of a precedent making High Court case that has the potential to destroy a major plank of superannuation legislation, an industry body said today. Market research company Roy Morgan Research has challenged ...

Platypus wins court case

MEDIA RELEASE  |  FRIDAY, 17 DEC 2010
A Victorian Supreme Court Justice ruled in favour of Platypus Asset Management yesterday, in its dispute with a former employee. Philip Pepe was employed as a senior analyst at Platypus from April 2006 to October 2007. In August 2008 he filed a claim ...

Basis Yield lawsuit continues

COMPANY RELEASE  |  THURSDAY, 26 AUG 2010
... court in New York. Goldman Sachs has now argued that the case is a foreign transaction, just as with the recent Supreme Court case, Morrison v. National Australia Bank, because BYAFM signed a document in Australia and that Goldman assigned the trade ...

Kill chicken, scare monkey

BENJAMIN ONG  |  TUESDAY, 30 MAR 2010
... scared! This was China's snap to Krudd's comment (threat?) that, "... the world will be watching how this particular court case is conducted.'' I refer to the trial and subsequent conviction of Chinese-born Australian citizen Stern Hu (head of Rio Tinto's ...

Market Wrap - Midday

AAP  |  THURSDAY, 8 OCT 2009
... Saly said. "We're seeing really good gains coming through from all the banks today. "Westpac had been involved in that court case in New Zealand against the tax department and early this morning we found out that Westpac had lost that case. "There is ...

Pension fund suffers million-dollar meltdown

COMPANY RELEASE  |  TUESDAY, 21 JUL 2009
... Philippines based pension fund, after a software meltdown cost the fund an estimated $120 million in damages and led to a court case against a contractor for libel. Information technology contractor Questronix was hired as the main contractor and lead ...

Market Wrap - Midday

AAP  |  THURSDAY, 16 JUL 2009
... rose 35 cents to $20.31. NAB was up 55 cents at $23.90, after announcing that its subsidiary, Bank of NZ, had lost a court case which could cost it around $A530 million in tax and interest. In the US, Wall Street posted a third-successive day of gains ...

Councils take action on CDOs

MICHELLE BALTAZAR AND RUTH LIEW  |  MONDAY, 18 FEB 2008
... local markets. Yet even the Wingecarribee Shire Council, which is looking to recoup much of its losses through the court case, is still hanging on to its $29.8 million invested in corporate credit backed CDO investments. "These CDOs provide credit to ...