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Showing 61 - 70 of 70 results for "class actions"

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
... were first raised in these proceedings, have provided a template for similar allegations that have been raised in class actions brought on behalf of investors against BoQ, Macquarie and CBA. "ASIC will continue its efforts to achieve fair compensation ...

Storm preyed on the naive: ASIC

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
... earlier this month and is pursuing Storm founders Emmanuel and Julie Cassimatis in a separate case. Two separate class actions are due to follow the ASIC case. Storm's clients lost about $3.6 billion when the financial services company collapsed in early ...

FOFA misses the mark on investment fraud

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
... the future. "Ripoll's reviews of Storm and advice processes etc has built better investor protection around making class actions easier to mount after the event has happened," said Townsend. "This is laudable but truly having legislation that would stop ...

UniSuper responds to criticism

ALEX DUNNIN  |  WEDNESDAY, 14 DEC 2011
... fund, members have taken to social media expressing fears the fund is near collapse calling for action committees, class actions and a reversal of trust deed change. In an official statement released this morning by the fund in response to the ABC news ...

ASIC reaches sixth Westpoint settlement

ASIC RELEASE  |  WEDNESDAY, 15 SEP 2010
... the Dukes' settlement should result in compensation being paid to eligible investors. In April 2008, ASIC started class actions against Dukes to seek compensation for clients who invested in financial products issued by various companies within the failed ...

Market Wrap - Midday

AAP  |  THURSDAY, 13 MAY 2010
... Bank was the weakest of the big four banks after Wednesday afternoon reports that major lenders could be facing class actions over excessive charges. At 1215 AEST, Commonwealth was up 23 cents, or 0.42 per cent at $54.53, Westpac was up 39 cents, or ...

ASIC presses on with Westpoint compensation

ASIC RELEASE  |  MONDAY, 30 NOV 2009
ASIC has reached an agreement to settle class actions against Bongiorno Financial Advisors, which has links to the failed Westpoint Group. An ASIC statement late last week noted that the watchdog had agreed to settle actions against Melbourne-based ...

Shareholder claims hike D&O costs

MICHELLE BALTAZAR  |  MONDAY, 4 MAY 2009
... Financial services companies face higher directors and officers (D&O) insurance costs as the number of securities class actions rise, another unwanted outcome of the credit crisis where more shareholders sue failed companies. At a time when many financial ...

Corp governance now a mainstream business imperative

ALEX DUNNIN  |  FRIDAY, 21 APR 2006
... different investors had different attitudes to social issues like collective engagement, willingness to participate in class actions and treatment of minority groups. Importantly, using corporate governance as a tool to enhance investment returns has ...

Thirty dealer groups up for $300m in Westpoint recovery

Of the 75 to 100 financial advisers implicated in the Westpoint saga, class actions to recover $300 million are likely to centre on as few as 30 adviser groups, according to class action firm Slater & Gordon. Slater & Gordon's commercial litigation ...
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