class action

Financial planning

‘Smorgasbord logic’, alleged admissions aired in Insignia class action conclusion

Insignia’s class action hearing has closed with a clash over the role media played in the share price drop, the alleged admissions made in an almost decade-old statement...

Financial planning

Insignia investors allege they were misled over insider trading claims

The first week of the Insignia Financial class action case has seen allegations of misconduct, insider trading, front running and failure to manage conflicts of interest....

Financial planning

Class action against Insignia Financial to commence

A trial investigating alleged misconduct by the wealth management company is slated to begin on Monday (5 June) and expected to run for up to five weeks. ...

Financial planning

Students launch class action after unaccredited advice degree

Almost 20 students have filed a class action against James Cook University after discovering their financial planning degrees had not received accreditation, leaving them...

People & Products

CFD investors join class action against IG Markets

A class action is being prepared against IG Markets on behalf of thousands of investors who lost an estimated $800 million trading contracts for difference. ...

Financial planning

NAB settles US Bank Bill Swap Rate class action

The claims against the bank had been dismissed but there is still a possibility the dismissal could be reversed....

Financial planning

ANZ and CBA agree to settle US class action

The class action was in relation to the US bank bill swap rate and the trading of products based on the rate. ...

Policy & Regulation

First litigation funding AFSL issued

Barely weeks after the new litigation funding licensing regime became law, one of the biggest funders has obtained its Australian Financial Services License. ...

Financial planning

Australians should not bow to US lobbyists against class action

Caving to the demands of the US Chamber of Commerce to restrict Australian class action funding may deprive regular Australians of access to justice, according to Class A...

Policy & Regulation

New regulations around class actions ‘bizarre’

New regulations, which bizarrely define class actions as ‘managed investment schemes,’ could stymie the compensation payouts of millions of Australians who have been robb...

Policy & Regulation

Westpac in AUSTRAC class action

Westpac has been served with a class action by Johnson Winter and Slattery related to market disclosure issues connected to AUSTRAC proceedings....

Financial planning

Westpac served with class action

The class action by shareholders relates to market disclosure issues that are subject of the AUSTRAC money-laundering scandal....

Financial planning

Second class action against CFS

Slater and Gordon has become the second to file a class action against CFS for charging FirstChoice Super members higher fees for ongoing commissions to members who did n...

Superannuation

Suncorp to defend class action over fees

Conflicted fees are once again a hot legal topic, with Suncorp being hit with a class action in the New South Wales Supreme Court over superannuation commissions paid to ...