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Showing 51 - 60 of 100+ results for "class action"

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
A new class action from Shine Lawyers alleges that more than half a million Australians were charged excessive insurance premiums by financial advisers aligned with AMP, BT and Commonwealth Bank. Proceedings have already been filed against AMP, which ...

Bond investor sues Australian government

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
... Generation Lawyers principal David Barnden, who is also taking registrations of interest from bond holders for a possible class action on the back of O'Donnell's case. O'Donnell's case and the class action will not be seeking any dollar ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
A class action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... unless your motive is to stymie class actions. No wonder ASIC was so thoroughly baffled by the Treasurer's idea." "A class action is a method through which ordinary Australians can seek justice when they've been hurt by a corporation. To suggest class ...

Westpac found to be immature, reactive

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
Westpac publically released the findings from its Culture, Governance and Accountability (CGA) Reassessment Report, which labelled the bank "immature" and "reactive". The bank first completed a self-assessed CGA back in November 2018, however decided ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Parliamentary Joint Committee, Corporations and Financial Services looking into litigation funding and the regulation of the class action industry sparked a heated debate today. Menzies Research Centre chief of staff James Mathias was questioned on the ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... on cash earning was estimated at $70 million. Westpac and Westpac Life Insurance Services are currently facing a class action from policy holders arguing that the recommendations made by Westpac aligned financial advisers breached fiduciary and statutory ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... actions AMP was currently facing. After answering that AMP is facing two actions, De Ferrari offered his view of the class action system in Australia. He cited a report from the Menzies Research Centre, which claimed Australia is one of the most desirable ...

Government offers guidance provision relief

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
Company directors will not be liable for missing financial guidance targets for the next six months, after the government temporarily amended continuous disclosure provisions to help firms through COVID-19. The amendments, introduced today, ensure companies ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... 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 action alleged IOOF engaged in misleading or deceptive ...