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Murray Goulburn faces second class action over profit downgrade
Class Actions August 20, 2018 2:04 pm By Christine Caulfield

Milk supplier Murray Goulburn has been hit with a second class action over its profit forecast revision in 2016 that wiped 40 percent off the […]

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‘Loose with the truth’ broker to get High Court’s ear
Financial Services August 20, 2018 3:06 pm By Cat Fredenburgh

The High Court has granted special leave to appeal a lifelong ASIC ban to a broker a judge once described as “loose with the truth” and as carrying a “massive bag of dishonest conduct” with him.

Westpac adviser at centre of ASIC suit got ‘high achievement’ ratings, bank admits
Financial Services August 15, 2018 9:32 pm By Cat Fredenburgh

Westpac admits that it violated the Corporations Act by awarding high performance marks to a financial adviser whose work was flagged for compliance concerns during […]

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LGL Commodities CFO can’t drag accountant into liquidator’s suit
Securities August 15, 2018 8:14 pm By Christine Caulfield

The former chief financial officer of LGL Commodities has lost a bid to join the accountant for the collapsed grain trader as a co-defendant in […]

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Class action can claim Westpac unit knew about $1.9M Ponzi scheme
Class Actions August 14, 2018 9:23 pm By Cat Fredenburgh

A judge has denied a Westpac unit’s bid to strike allegations that it knew about a $1.9 million Ponzi scheme from a class action alleging […]

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Brambles hit with second shareholder class action
Class Actions August 14, 2018 10:40 pm By Cat Fredenburgh

Chain logistics company Brambles is facing a second class action alleging it breached its continuous disclosure obligations by failing to revise its overly rosy 2017 […]

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AMP denies class members will hit time bar in state court
Class Actions August 13, 2018 10:24 pm By Christine Caulfield

AMP has slammed arguments that group members in four Federal Court class actions could face a jurisdictional limitation on their claims of disclosure breaches if […]

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AMP shareholders on surer legal footing in Federal Court, judge told
Class Actions August 10, 2018 10:07 pm By Christine Caulfield

The Federal Court offers group members in the shareholder class actions against AMP a major legal advantage over the NSW Supreme Court, lawyers for the […]

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Slater & Gordon beats Maurice Blackburn to court with Brambles class action
Class Actions August 10, 2018 5:48 pm By Cat Fredenburgh

Slater and Gordon has filed a shareholder class action against Brambles over its allegedly misleading and overly rosy 2017 financial forecasts, beating rival Maurice Blackburn […]

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Iluka Resources says shareholders didn’t read the fine print
Class Actions August 9, 2018 11:25 am By Cat Fredenburgh

Iluka Resources has shot back at claims in a shareholder class action that it made misleading statements about projected sales volumes, saying the statements were […]

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