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Provident Capital class actions settle on eve of trial
Class Actions 2018-07-30 12:09 pm By Cat Fredenburgh

A settlement has been reached in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor […]

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ASIC loses bid for interim receiver against AGM, OT, Ozifin
Restructuring & Insolvency 2018-07-27 11:52 pm By Cat Fredenburgh

A judge has denied ASIC’s bid to appoint an interim receiver to preserve the assets of three financial services companies that advised clients to invest […]

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AMP sets aside $290M for customer compensation
Financial Services 2018-07-27 5:18 pm By Miklos Bolza

Embattled financial giant AMP has moved to regain customer trust, allocating $290 million to compensate customers going back 10 years, the company told shareholders Friday. […]

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Funders slash rates in LKM Capital, GR Finance class action settlements
Class Actions 2018-07-26 9:48 pm By Miklos Bolza

The funders of two class actions against a trustee of failed investment groups LKM Capital and GR Finance have agreed to cut their commission by […]

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Judge in S&P class actions told to start from scratch with funder’s fee
Class Actions 2018-07-26 8:08 pm By Miklos Bolza

The amicus hired to assess the funder’s cut of a potentially record settlement in several class actions against S&P Global over toxic financial products has […]

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Judge slams confidentiality clause in settlement of S&P class actions
Class Actions 2018-07-24 9:33 pm By Miklos Bolza

The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was “no way” he would […]

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AMP says email exchanges with Clayton Utz exaggerated
Class Actions 2018-07-23 11:15 pm By Christine Caulfield

AMP has hit back against claims in the first of multiple class actions it faces, saying its practice of charging fees for no service did […]

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Self-reflective ANZ financial advisor’s life-long ban set aside
Financial Services 2018-07-23 3:42 pm By Cat Fredenburgh

A tribunal has set aside a life-long ban of a successful former ANZ financial advisor accused by ASIC of lying about his qualifications, saying the […]

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Macquarie Bank faces 3rd wage suit by financial advisers
Employment 2018-07-23 9:00 am By Christine Caulfield

Macquarie Bank has been hit with a third lawsuit by financial advisers alleging the bank broke the law by paying them solely in commissions, this […]

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Provident receivers may face objections over PwC merger
Class Actions 2018-07-16 5:45 pm By Cat Fredenburgh

The judge overseeing the administration of Provident Capital has invited debenture holders to object to the company’s receivers staying on after their firm completes its […]

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