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.


Phi Finney McDonald launches Sydney office

Phi Finney McDonald is proud to announce the opening of its Sydney office, located in International Tower III at Barangaroo.

The firm enjoys strong relationships with clients, litigation funders, and other stakeholders in Sydney. This move will help us provide the level of service our clients deserve, and to better represent those whose claims arise in New South Wales.

Our Sydney office will initially comprise Roop Sandhu (Principal Lawyer) and Eliot Olivier (Associate).


TO THE POWER OF YOU

Australia has many fine traditions. Water fights and backyard cricket at Christmas. Eating too much at lunch on Easter Sunday. In Victoria, there’s the sickie on the Monday before Melbourne Cup Day. In a busy world, these traditions are about creating opportunities for us to come together as families.

Marriage Equality does not undermine or diminish our concept of family. It enlarges and strengthens it. It would encourage more Australian couples to stand before their loved ones and promise to spend the rest of their lives together. That can only be a good thing.


‘You’d be negligent’: Why professionals are abandoning partnerships

The number of legal and accounting firms structured as partnerships has fallen dramatically over the past decade as professionals overwhelmingly adopt corporate models to run their business.

The latest Australian Taxation Office statistics show there are 15,547 legal and accounting service companies compared to 3161 partnerships, a respective 45 per cent increase and 26 per cent drop since 2006; but tax implications constrain larger firms from transforming from their archaic setup…..

August 17, 2017 // Press


CBA faces class action threat over money laundering scandal

The Commonwealth Bank may face a class action from investors, following revelations the board failed to disclose a money laundering investigation for over two years, which triggered a $5.5 billion collapse in the bank’s share price when the regulator launched its case.

Class action lawyers are circling the CBA saga as more information emerges about what the executives and board knew and when.

August 10, 2017 // Press


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