Fitch settles investor class action over credit ratings on toxic SCDOs

TOP STORY
Exclusive July 19, 2019 10:56 am By Christine Caulfield

Fitch Ratings has agreed to settle the last of the investor class actions in Australia flowing from the global financial crisis, a court heard Friday.

Judge refuses ‘queue jumping’ request in Sirtex CEO insider trading case
White Collar July 19, 2019 1:12 pm By Miklos Bolza

An application by the former boss of Sirtex Medical for a sentencing date in the insider trading case against him has raised the ire of a NSW District Court judge, who called the bid premature and an attempt to jump the queue.

Investors set to get 40% of settlement in class action against Westpac’s BankSA
Class Actions July 19, 2019 3:12 pm By Christine Caulfield

Group members in a recently settled class action against Westpac unit BankSA over its conduct in connection with convicted Ponzi schemer Michael Samra are expected to get 40 percent of the confidential settlement, a result a judge said wasn’t as bad as he might have feared.