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Showing 41 - 50 of 96 results for "class actions"

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... the 5% threshold for significant ownership comes after some turmoil at AMP. Last week alone AMP was hit with two class actions and announced to the market that it expected profits to be 50% lower due to the impacts of COVID-19. One of those class actions ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... against AMP. "We argue all three financial services providers behaved in a way that was unfair and illegal," Shine class actions practice leader Craig Allsopp said. "The sheer number of people affected by these premium rorts shows we're not just talking ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
... action was initially expected to be filed late last year, but was delayed due to new regulation relating to how class actions are funded. It was then expected to be filed in February but was delayed again. It comes as the Australian Small Business and ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
Class Actions Australia has slammed new regulations announced by Treasurer Josh Frydenberg defining class actions as "managed investment schemes" labelling them "bizarre", as the Senate holds its second public hearing into litigation funding and the ...

Westpac found to be immature, reactive

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... promptly and as efficiently as possible," King said. As a result of the AUSTRAC scandal, Westpac is facing a number of class actions, as well as inquiries by the corporate watchdog. In June 2020, the bank announced 38 staff members have faced punishment ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Nation' claimed that Australia has become a very desirable destination for litigation funders looking to profit from class actions. "The percentages paid to the very victims that are being vindicated by class actions are decreasing," Mathias said ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... firm Slater and Gordon has slammed AMP chief executive Francesco De Ferrari's criticism of litigation funding and class actions, as AMP continues to battle lawsuits sparked by the Royal Commission. Slater and Gordon head of class actions Ben Hardwick ...

Government offers guidance provision relief

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... around companies' future prospects as a result of the crisis also exposes companies to the threat of opportunistic class actions for allegedly falling foul of their continuous disclosure obligations if their forecasts are found to be inaccurate," Treasurer ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
IOOF has settled one of the class actions brought against it on the back of the Royal Commission. The wealth group announced to the ASX this morning it has settled in the class action brought by Quinn Emanuel Urqhart & Sullivan in April 2019. The class ...

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... Bridgeway and IMF Bentham supported the call for regulation last week as the parliamentary joint committee inquiry into class actions and litigation funding got underway. "As the pioneer of litigation funding in Australia, Omni Bridgeway is a supporter ...