Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 120 results for "Lawsuit"

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... processes, which has led to an extended period of uncertainty for the divestment. CommInsure has also been embroiled in a lawsuit filed by ASIC in October this year. The regulator filed criminal charges against the CBA-owned company over its selling ...

Purdue bankruptcy vindicates ESG screens

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
Purdue Pharma has filed for bankruptcy after facing a slew of lawsuits for the mismarketing of its product OxyContin. The company's marketing and mislabelling of OxyContin has seen it accused of causing the opioid addiction crisis in the US. Purdue ...

Pension fund joins action against Facebook

KRISTI CHENG  |  FRIDAY, 23 AUG 2019
... a derivatives case against Facebook in regards to Cambridge Analytica. The litigation at hand is a pending derivative lawsuit against Facebook's leadership, including the social media company's chief executive, Mark Zuckerberg. CalSTRS said intervening ...

Short-seller knife twist for YouTube fundie

ELIZABETH MCARTHUR  |  FRIDAY, 9 AUG 2019
... Burford Capital, YouTube fundie Neil Woodford's second largest holding in his embattled fund. Burford Capital is a lawsuit financier; Muddy Waters says it is taking a short position on Burford because the company has been "egregiously" misrepresenting ...

US bonds present ESG problem

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
Schroders' global head of stewardship believes ESG-focused investors should exercise caution before investing in US corporate bonds. Schroders global head of stewardship Jessica Ground told a media briefing in Sydney recently that some US corporate ...

AMP class actions consolidated

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
The NSW Supreme Court has ordered only one of several class actions launched against AMP can proceed. In a judgement late last week, the NSW Supreme Court ordered only one of the five class action lawsuits filed against AMP in the wake of its Royal ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
The lawyer who led $300 million of claims during the Storm Financial crisis is preparing a class action against IOOF. Quinn Emanuel partner Damian Scattini said the firm will next week file a claim in the Supreme Court of New South Wales. The class ...

Nikko AM chief executive steps down

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAR 2019
... executive of Nikko Asset Management, Takumi Shibata, is stepping down. His resignation comes after he was named in a US lawsuit alleging he deliberately made lucrative stock options that were part of an incentive scheme for employees worthless. The civil ...

IMF Bentham eyes potential Facebook, Cambridge Analytica goldmine

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUL 2018
IMF Bentham will potentially fund a class action against Facebook, having already invested in a complaint against the social media giant in response to the now-infamous Cambridge Analytica scandal. IMF Bentham is funding a new representative complaint ...

AMP Advice risk chief departs

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
... the financial advice round of the Royal Commission. Earlier this week AMP was hit with its third proposed class action lawsuit over shareholder losses due to the Royal Commission findings. In other news, digital advice experience AMP Goals 360 has been ...