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Showing 41 - 50 of 70 results for "class actions"

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
... expects IOOF will struggle with attracting financial advisers and funds, and may also be the target of a number of class actions. More proactive regulation by ASIC and higher compliance costs is also expected. As such, the research house has given IOOF ...

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
... phone and customers were not provided sufficient time to understand the terms and conditions, Slater and Gordon Class Actions principal lawyer Andrew Paull said. "In the case of the life cover, the policy was of minimal value to many customers. NAB admitted ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... law firm estimates one-third of Australian adults may be eligible to join the action. Slater and Gordon head of class actions Ben Hardwick said the fee gouging and paying out of un-competitive interest rates for Australians who hold part of their super ...

Netwealth boosts class action involvement

JAMIE WILLIAMSON  |  TUESDAY, 5 JUN 2018
In its latest round of platform enhancements, Netwealth has added the ability for investors to participate in class actions. As of this month, Netwealth has made available information on open class actions within the platform's Corporate Actions ...

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
... more substantially by a 2-3% compound, and credit impairment charges rise significantly as the credit cycle turns. Class actions for mortgage mis-selling also present litigation risks as a tail risk in UBS's downside scenario. "The housing market ...

AMP hit with another proposed class action

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... continuous disclosure obligations under the Corporations Act 2001 (Cth) and the ASX Listing Rules." Two shareholder class actions have already been established in the courts, by Phi Finney McDonald and Quinn Emanuel Urquhart and Sullivan respectively. ...

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
AMP confirmed it will vigorously defend two class action lawsuits brought against it by shareholders in the wake of the Financial Services Royal Commission. In an ASX announcement on the morning of its AGM, AMP stated it had been served with two class ...

S&P reaffirms Sirtex after new offer from Chinese manager

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... Sirtex from the ASX 200 index and replace it with IDP Education, will no longer do so. Sirtex has been subject to two class actions, which the Federal Court recently consolidated into one. The actions involve a 37% fall in share price on 9 December 2016. ...

Former industry fund CEO moves to AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
... comes at a time when AMP has faced much scrutiny over its Royal Commission appearances, including several proposed class actions. In September 2017, LGS announced Lambert's successor. Its newly-minted chief executive is David Smith - the former head ...

S&P to remove ASX healthcare firm from index

ALEX BURKE  |  FRIDAY, 4 MAY 2018
... physicians and patients around the world with smart, efficient and high-quality care." The firm has been subject to two class actions, which the Federal Court recently consolidated into one. The actions involve a 37% fall in share price on 9 December ...