Our latest updates

Phi Finney McDonald regularly posts on the firm’s latest developments, awards and press.

CBA class action: Giant US pension funds to sue Commonwealth Bank over Austrac scandal

Jeff Whalley, Herald Sun

FOUR giant US pension funds are preparing to sue the Commonwealth Bank in a move dramatically widening the fallout from the money-laundering scandal that has engulfed the lender.

The pension funds — including the $US224 billion ($292 billion) California State Teachers’ Retirement System — are among “a significant number” of institutions planning to launch a fresh class action against the bank.

It marks a bombshell for new CBA chief Matt Comyn, who took the reins of Australia’s biggest bank yesterday. Continue reading “CBA class action: Giant US pension funds to sue Commonwealth Bank over Austrac scandal”

Phi Finney McDonald launches pro bono asylum seeker practice

Phi Finney McDonald recently acted for an asylum seeker before the Full Court of the High Court of Australia. The case involved novel questions of international law, including a ground of appeal common to, and heard jointly with, appeals to the High Court brought by two other asylum seekers.

Phi Finney McDonald is a participant in Justice Connect’s Nauru Network. We are proud to fight for people who might otherwise be denied access to the legal system because of financial, social or other barriers.

Continue reading “Phi Finney McDonald launches pro bono asylum seeker practice”

February 15, 2018 // News

Shareholders launch claim against Estia Health

Shareholders of Estia Health Limited (ASX: EHE) are seeking redress for their losses in a proposed class action conducted by law firm Phi Finney McDonald (PFM) and funded by Investor Claim Partner (ICP). The claim has already attracted the support of several prominent institutional investors.

Estia is one of the largest providers of residential aged care facilities in Australia.

The claim will allege that Estia failed to disclose to the market the serious difficulties the business was experiencing in the lead up to the publishing of its FY16 results on 29 August 2016 and gave misleading FY17 guidance at that time, which it then slashed on 6 October 2016.

Continue reading “Shareholders launch claim against Estia Health”

February 8, 2018 // News
1 2 3 4 5