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Showing 1 - 10 of 33 results for "Group Members"

ANZ, OnePath settle $50m class action

ELIZA BAVIN | FRIDAY, 4 OCT 2024

... thousands of members with OnePath or ANZ superannuation or pension accounts to compensation, which will be paid to group members who register with the firm. The class action alleged that OPC breached its duties as trustee by investing members' superannuation ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA | TUESDAY, 17 SEP 2024

... Pool's payout of more than $42 million, along with solicitors Corrs Chambers Westgarth's share of about $1.8 million. Group members have 28 days to lodge an appeal from the settlement date. "Potentially, the litigation funder could appeal, as an ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA | MONDAY, 9 SEP 2024

... costs and other miscellaneous expenses. Augusta Pool's payout comes to more than $42 million. There are 475 group members who are part of the class action. Ninety-two or 20% of the participants opposed the approval of the settlement. After hearing ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA | WEDNESDAY, 8 MAY 2024

... equalisation order to the court that "seeks to spread the cost of the funder's entitlements equally across all group members of the lawsuit. "It does so by reducing each Group Member's entitlement to share in the Settlement Sum by a proportionate ...

Court approves $16m DASS settlement

KARREN VERGARA | FRIDAY, 19 APR 2024

... circumstances," court documents show. "The Court has received evidence indicating that some persons who were formerly group members have 'opted out' of the class action because they were concerned that the proposed settlement might prevent them from ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN | MONDAY, 25 MAR 2024

... causing loss and damage to ANZ credit card holders. "We believe the proposed settlement is an excellent outcome for group members," Phi Finney McDonald principal lawyer Brett Spiegel said, according to AAP. This is just the latest class action the bank ...

Federal Court approves BT Super $30m settlement

KARREN VERGARA | TUESDAY, 12 DEC 2023

... funded by Therium Litigation Finance in December 2022. Justice Murphy approved $15.45 million to be distributed to group members. Therium's share of the settlement amounted to $9.6 million, while Slater & Gordon received about $4.7 million. "The ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON | WEDNESDAY, 15 NOV 2023

... the case was to be heard in August, but AMP agreed to the settlement ahead of its commencement. There are 18,702 group members in the action, comprising AMP shareholders and others who claim to have suffered loss or damage because of the misconduct and ...

E&P settles class action for $16m

KARREN VERGARA | WEDNESDAY, 15 NOV 2023

... million settlement sum), inclusive of legal costs in full, in final settlement of the claims of the lead applicant and group members." If the settlement is approved by the Federal Court, E&P said the class action "will be dismissed against E&P, Mr Alan ...

AMP settles class action for $110m

KARREN VERGARA | MONDAY, 21 AUG 2023

... relevant facts were disclosed, or the relevant misleading conduct did not occur. Accordingly, the Plaintiffs and Group Members suffered loss and damage as a result of purchasing AMP securities during the Relevant Period at an inflated price," court documents ...

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Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON

UniSuper's leadership team has touched on how the fund is strengthening its operations following the extensive system outage in May this year.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA

Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

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