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Showing 81 - 90 of 96 results for "class actions"

CBA faces shareholder class action

ALEX BURKE  |  WEDNESDAY, 23 AUG 2017
... "significant share price drop" in light of AUSTRAC's legal proceedings against the bank. Maurice Blackburn national head of class actions Andrew Watson explained: "AUSTRAC alleges that CBA contravened the AML/CTF Act on more than 53,000 occasions. The ...

Instos begin litigation against Volkswagen

DARREN SNYDER  |  FRIDAY, 24 JUN 2016
... governance reforms going forward at VW." CalSTRS pointed out that German securities litigation is unlike US securities class actions because shareholders in German companies are not entitled to a pro-rata share of recovery unless they affirmatively join ...

IMF Bentham announces $30m bond issue

KERRIE SYDEE  |  WEDNESDAY, 23 MAR 2016
... executive Andrew Saker said the company would use the funds raised to invest in funding future litigation including class actions, liquidations and general litigation. IMF Bentham is the third company to issue a bond originated by FIIG Securities this ...

Bendigo and Adelaide Bank reaches agreement in Great Southern case

ALICE URIBE  |  THURSDAY, 24 JUL 2014
... position. Under the agreement, which is subject to approval of the Court, the Bank's borrowers, who are members of the class actions, have admitted that their loans are valid and enforceable and have provided broad releases from future litigation. This ...

Investors get conditional agreement against Great Southern

ALICE URIBE  |  MONDAY, 10 MAR 2014
... Great Southern collapsed in 2009 owing investors up to $1.8 billion. Proceedings against the company include 15 class actions and 82 individual actions, which includes claims against Bendigo and Adelaide Bank. Benthan IMF has a claim against Great Southern ...

Court ruling on Storm, "a blow" to consumer action

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
... Macquarie Bank," Levitt Robinson principal Stewart Levitt said. The litigator said that the judgement could discourage class actions funded directly by consumers and leaving it for those in the business of litigation funding, "It is a serious blow to ...

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 ...