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Showing 1 - 10 of 283 results for "Class action"

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
Shine Lawyers filed a class action against AMP this week alleging AMP Superannuation has slugged investors with excessive insurance fees. Shine Lawyers confirmed the class action has been filed in the Federal Court of Victoria on behalf of hundreds ...

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
AMP has been served two separate legal proceedings; one a fresh class action and the other from Dexus Funds Management. The class action - which has been lodged in the Federal Court of Victoria - has been filed against N.M. Superannuation Proprietary ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought against the fund in the Federal Court in November 2021, still requires court approval and is without admission ...

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
Count Financial has successfully defended itself against a class action which was filed in 2020 alleging it failed to ensure financial advisers were acting in their clients' best interests. The case has been before the court for just shy of five years ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
A class action that was filed against AMP for charging excessive superannuation fees is finally being heard in court, with the trial kicking off today. In 2019, following the Royal Commission, several law firms sought to commence class actions against ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... was reached in December. At the end of 2024, MLC Super Fund, NULIS Nominees and MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members to MySuper products. The case was brought by Maurice Blackburn ...

FNZ faces revolt from employee shareholders

KARREN VERGARA  |  TUESDAY, 29 APR 2025
... US$4.5 billion with three capital raises in 12 months. A group of past and present FNZ employees are threatening a class action against FNZ, alleging the dilution of ownership undermines their hard work and dedication to the company and effectively transfers ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

ASX bleeds $41bn from delistings

KARREN VERGARA  |  THURSDAY, 9 JAN 2025
... the ASX in September, claiming it was materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share price, E&P Financial Group's ...

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
A settlement has been reached in the class action filed in the Federal Court against auditors for SMSFs run by Melissa Caddick. The class action - led by Melbourne-based law firm Mackay Chapman - was filed on behalf of 21 original group members. Just ...
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