class action

Industry View

Investor class actions

Class actions allow a group (or class) of people to bring a single claim against a defendant, and the fastest growing type of class actions are those initiated by investors. Trustees that don’t register for investor class actions are leaving member’s money on the table, says David Galloway, lawyer and fund executive. It might seem […]
Investment Strategy

Federal Court finds against Lehman Brothers

In a case that should launch fresh legal action in Australia and could have global implications, a group of local charities, churches and councils has won a Federal Court victory against failed US investment bank Lehman Brothers. Seventy-two entities banded together in a class action to sue Lehman Brothers for $248 million, claiming the bank […]