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Showing 81 - 90 of 803 results for "Judge"

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... investments made by investors in these businesses, raising concerns that these funds may have been misappropriated. Federal Court judge David Yates noted that there was evidence of numerous transfers of funds, including potential investor funds, between ...

Federal Reserve kicks off easing cycle

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
The Federal Reserve elected to cut interest rates by 50 basis points overnight, its first reduction in four years. The US central bank decided to lower the target range for the federal funds rate by half a percentage point to 4.75-5%, surprising many ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... "were quite distressed in explaining their deeply personal reasons for opposing the settlement." One group member told the judge that that $100 million settlement was not sufficient and doesn't represent fair compensation for damages incurred by the ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... was found to have used the money to fund his own lifestyle, including gambling and personal entertainment expenses. The judge described his conduct as "brazen" and "a serious breach of trust." He added that the crimes were motivated by greed and noted ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... significant debt. Most have experienced deep personal trauma and anxiety. Some have suffered with suicidal ideation," the judge said. "These are broken individuals who cannot accept that payment of $100 million is adequate to compensate for their individual ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... breaches of trusts", citing that the value of the fund's assets do not match the value of investments made. However, the judge did not agree with ASIC's assertion that Keystone be liquidated. Tracy and Palaghia were initially appointed by the ...

ClearBridge launches new ESG fund

MATTHEW WAI  |  WEDNESDAY, 4 SEP 2024
ClearBridge Investments has launched the Global Value Improvers Fund, which aims to provide exposure to undervalued companies and those that are currently improving on ESG measures. This comes after ClearBridge launched its first global equity option ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... District Court yesterday after he was found guilty of 28 counts of fraud amounting to $5,958,870 in losses for former clients. Judge Moynihan said Jayaweera's conduct was "brazen, gross, and callous" and that his actions "were not only criminal but ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
... transactions in 2019 but was granted a retrial in June 2022 on the grounds of there having been deficiencies in the trial judge's directions to the jury. The offending occurred between August 2013 and November 2015, resulting in a total loss of $5,958,870 ...