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Showing 51 - 60 of 135 results for %22class actions%22

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 ...

BlackRock turns optimistic on credit

KANIKA SOOD  |  TUESDAY, 28 APR 2020
... government bonds and cash) except credit, which it upgraded in April. "We are mostly sticking to benchmark holdings on an asset class level; prefer credit over equities; and favor rebalancing into the risk asset decline," it said in a research note led ...

The impact of COVID-19 on emerging markets

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... said. "But a massive dislocation in the short term in emerging markets will lead to a lot of attractiveness in the asset class. "Once we stabilise, money will come back into emerging markets." Sarah Shaw, global portfolio manager and chief investment ...

US senators in alleged COVID-19 insider trading

JAMIE WILLIAMSON  |  MONDAY, 23 MAR 2020
... January and early February, several of which were in companies that own hotels, The Guardian reports. Also defending the actions, Burr said he relied solely on public news reports to guide his decision on February 13. Senator Dianne Feinstein also sits ...

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... identify the amount of any damages sought." Westpac said it will be defending the claim, as it has said for the other class actions filed against it. Prior to this proceeding being filed, Westpac said it expects around $80 million in additional expenses ...

IOOF faces new class action

ELIZABETH MCARTHUR  |  TUESDAY, 25 FEB 2020
... extensive wrongdoing within the financial services sector," Litigation Lending chief executive Stuart Price said. "Class actions like the IOOF class action require the management of financial services companies such as IOOF to account for alleged failures ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... to the ASX, in which it outlined its progress on its response plan for the AUSTRAC case along with the subsequent class actions and regulatory investigations. In November last year AUSTRAC applied to the Federal Court seeking civil penalty order against ...

De Ferrari unaware of legal action

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... Enterprise Ombudsman Kate Carnell called on small business financial advisers to reach out after news of pending class actions against AMP were highlighted by media. "Following recent media reports regarding AMP Financial Planning's restructure of its ...

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... "Customer-related remediation programs and regulatory compliance investigations (including associated enforcement actions and class actions) are continuing, with potential for additional charges although amounts and timing remain uncertain."