Lawyers invite investors to join IOOF class action
Class action specialists, Maurice Blackburn Lawyers, say their investigation into alleged regulatory breaches by IOOF, has "reached a critical point".
The law firm has called for institutional and retail investors who purchased shares in the company between 1 December 2013 and 19 June 2015, to register their interest and claims as of today.
The announcement follows the publication of an independent review of IOOF's breach reporting and research divisions by PWC with the group's board claiming the report found no ‘fundamental design or process breakdowns' in those two areas, in August.
AUTHOR
Nicholas O'Donoghue
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
