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Showing 51 - 60 of 132 results for "Lawsuit"

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... provision, reflecting its preliminary assessment of potential liabilities associated with the advice practices central to the lawsuit. While awaiting the Federal Court's conclusive orders on the judgement, AMP chief executive Alexis George declared ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... previously reported by Financial Standard, IG Markets faces a class action launched by Piper Alderman and Omni Bridgeway. The lawsuit represents investors who allegedly lost hundreds of millions trading CFDs due to inadequate risk assessments and disclosures ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial First State Investments Limited (CFSIL) kept members from the CFS FirstChoice Fund and Commonwealth Essential ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Vanguard hit with US class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
Law firm Dovel & Luner filed a class action lawsuit against Vanguard trustees and on behalf of investors in Vanguard's Target Retirement Funds, based in the US. The suit alleges that Vanguard's mismanagement of these funds led to "enormous tax bills ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... its former name as Evans Dixon, clients were misled and provided conflicted advice. The Federal Court is overseeing the lawsuit, which named subsidiary Dixon Advisory and Superannuation Services and former chief executive Alan Dixon for their alleged ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... $8.2 million penalty, of which $1 million will go to the regulator's legal fees. This month, Piper Alderman launched a lawsuit against E&P Financial Group and its former chief executive Alan Dixon for allegedly providing conflicted financial advice and ...

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... Financial Group (EP1) to the Federal Court, and also named subsidiary Dixon Advisory and Superannuation Services in the lawsuit for their alleged involvement in providing bad advice to retail clients who invested in its ASX-listed US Masters Residential ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
Link Market Services has been hit with another lawsuit for allegedly failing to protect more investors from the troubled Woodford Equity Income Fund (WEIF). UK law firm Leigh Day is representing more than 4000 clients who invested in the WEIF, which ...