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Showing 71 - 80 of 96 results for "class actions"

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
... more substantially by a 2-3% compound, and credit impairment charges rise significantly as the credit cycle turns. Class actions for mortgage mis-selling also present litigation risks as a tail risk in UBS's downside scenario. "The housing market ...

AMP hit with another proposed class action

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... continuous disclosure obligations under the Corporations Act 2001 (Cth) and the ASX Listing Rules." Two shareholder class actions have already been established in the courts, by Phi Finney McDonald and Quinn Emanuel Urquhart and Sullivan respectively. ...

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
AMP confirmed it will vigorously defend two class action lawsuits brought against it by shareholders in the wake of the Financial Services Royal Commission. In an ASX announcement on the morning of its AGM, AMP stated it had been served with two class ...

S&P reaffirms Sirtex after new offer from Chinese manager

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... Sirtex from the ASX 200 index and replace it with IDP Education, will no longer do so. Sirtex has been subject to two class actions, which the Federal Court recently consolidated into one. The actions involve a 37% fall in share price on 9 December 2016. ...

Former industry fund CEO moves to AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
... comes at a time when AMP has faced much scrutiny over its Royal Commission appearances, including several proposed class actions. In September 2017, LGS announced Lambert's successor. Its newly-minted chief executive is David Smith - the former head ...

S&P to remove ASX healthcare firm from index

ALEX BURKE  |  FRIDAY, 4 MAY 2018
... physicians and patients around the world with smart, efficient and high-quality care." The firm has been subject to two class actions, which the Federal Court recently consolidated into one. The actions involve a 37% fall in share price on 9 December ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
... Therium), Quinn Emanuel Urquhart & Sullivan (funded by Burford Capital), and Shine Lawyers are also investigating class actions against AMP. In an ASX statement IMF Bentham said it proposes to fund the new investment through its Rest of the World funds. ...

S&P hit with historic court decision

ALEX BURKE  |  TUESDAY, 31 OCT 2017
... fraudulently-rated SCDOs to "when they could have reasonably discovered the deceit/fraud." SPB is also pursuing similar class actions concerning SCDOs issued by Lehman Brothers Australia, ANZ and Oakvale Capital. The lead partner in the class action ...

Proceedings filed against CBA in Federal Court

ALEX BURKE  |  MONDAY, 9 OCT 2017
... unconditional and proceedings have been filed in the Federal Court, marking the beginning of one of the largest shareholder class actions in Australian history. IMF Bentham said the proceedings were filed on an open class basis, with Maurice Blackburn ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
... lawyers Maurice Blackburn with litigation funder IMF Bentham bank last week. Maurice Blackburn national head of class actions Andrew Watson alleged CBA shareholders suffered a significant share price drop in light of AUSTRAC's legal proceedings against ...