IOOF class action to end without payout

IOOF class action to end without payout

IOOF Holdings says a class action lawsuit brought against it last year on allegations of breaching disclosure requirements will be discontinued with no payments to the plaintiffs. The Melbourne-based wealth manager was sued in April 2019 by shareholders who alleged...
IOOF class action to end without payout

Spotless settles class action for $95m

Downer EDI subsidiary Spotless Group Holdings has settled a class action brought by shareholders who alleged they were deceived when Spotless downgraded its FY16 guidance in December 2015. Slater & Gordon said on Friday the lawsuit was settled for $95 million....