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Showing 1 - 10 of 39 results for "Group Member"

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
The litigation funder of the AMP Buyer of Last Resort (BOLR) class action is negotiating its cut of the settlement money and could take home as much as $43 million. A notice of proposed settlement from the Federal Court shows the funder, Augusta Pool ...

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay. Justice Thawley sought to gather more information for the victims in delaying ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
ANZ announced it reached an agreement to settle a class action brought against it by Phi Finney McDonald in 2021. The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Justice Moshinsky found evidence of losses incurred by the lead applicant, Equity Financial Planners, and sample group member, Wealthstone, being $813,560 and $115,533 respectively, because of the changes, and ordered the amounts payable. AMP later opted ...

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... safest regime upon which the parties can agree, I made orders for BTFM to provide Slater & Gordon with access to the Group Member Data so that it can undertake such data verification as it considers necessary."

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... how many shares they hold, when they were held and how long they were held for. At the hearing yesterday, just one group member objected to the settlement amount. At the time of the settlement being reached, it was the tenth occasion that Maurice Blackburn ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
E&P Financial Group has settled a class action relating to investment advice representatives gave for its in-house product, the Masters Residential Property Fund (URF) for $16 million. The lawsuit led by Shine Lawyers alleged that E&P's financial ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... "disappointed" about AMP's latest action. The court ruled in favour of the class action's lead applicant and sample group member, finding AMP had breached the terms of its BOLR policy when it arbitrarily, without proper consultation, cut the ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... Justice Moshinsky found evidence of losses incurred by the lead applicant, Equity Financial Planners, and sample group member, Wealthstone, being $813,560 and $115,533 respectively, because of the changes. Moshinsky ordered the amounts payable to Wealthstone ...
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