IMF Australia Ltd

Type: Company

Name: IMF Australia Ltd

First reported May 17 2013 - Updated May 17 2013 - 1 reports

Lawsuit kicks off over tunnel projections

A CLASS action is under way against engineering group Arup Pty Ltd over the company's overly optimistic traffic forecasts for the troubled Airport Link told road project in Brisbane. Litigation funder IMF (Australia) has agreed to fund class action law ... [Published Perth Now - May 17 2013]

Entities: BrisConnections, Class Action, Disclosure Statement, Lawsuit

First reported May 02 2013 - Updated May 02 2013 - 1 reports

GPT Group Ltd

Shareholder group forces GPT boss to defend multiple chairs

5 minutes ago, 6:32pm (ET) 05/02/2013 ABIXGPT Group was questioned about the workloads of its directors at its AGM in Sydney on 2 May 2013. The Australian Shareholders' Association was critical of chairman Rob Ferguson, who also chairs two other companies. ... [Published Zecco - May 02 2013]

Entities: GPT Group Ltd, Australian Securities Exchange, Boral Limited, Australand Property Group Ltd

First reported May 02 2013 - Updated May 02 2013 - 1 reports

Legal case threatens ratings agencies' bottom line

UpdatedApril 29, 2013 08:45:00Litigation funder IMF Australia has questioned the credit wor... ... [Published Campus Daily Australia - May 02 2013]

Entities: IMF Australia Ltd, Litigation

First reported May 01 2013 - Updated May 01 2013 - 1 reports

Standard & Poor's

Economic pulse: Who rates the ratings agencies?

New regulations, improved disclosure requirements and law suits needed to curb ratings agencies' power.The three international ratings agencies together wield enormous power and influence.Governments fret over their ratings, companies trade on their credibility ... [Published Leading Company - May 01 2013]

Entities: Standard & Poor's, Moody's Corporation, Financial Crisis

First reported Apr 28 2013 - Updated Apr 28 2013 - 2 reports

Legal case threatens ratings agencies' bottom line

Litigation funder IMF Australia questions the credit worthiness of international ratings agencies, intensifying legal pressure on Standard & Poors.... ... [Published News.net - Apr 28 2013]

Entities: IMF Australia Ltd, Litigation

First reported Apr 28 2013 - Updated Apr 28 2013 - 1 reports

Legal case threatens ratings agencies' bottom line

Litigation funder IMF Australia has questioned the credit worthiness of the major international ratings agencies as it intensifies legal pressure on Standard & Poors (S&Ps) with a second Australian class-action lawsuit.In an interview with the ABC's Inside ... [Published ABC Online - Apr 28 2013]

Entities: John Walker, Collateralized Debt Obligations, IMF Australia Ltd, Standard & Poor's

First reported Apr 22 2013 - Updated Apr 23 2013 - 1 reports

Lehman Brothers Holdings Inc

US insurers to pay $US45 million to Lehman Bros creditors

A group of US professional indemnity insurers will pay $US45 million ($43.5 million) to reimburse councils and charities that bought complex debt instruments from Lehman Brothers Australia, under a proposal to end litigation against the failed US investment ... [Published InsuranceNews.com.au - Apr 22 2013]

Entities: Collateralized Debt Obligations, Litigation, Lehman Brothers Holdings Inc, International Monetary Fund, Federal Court

First reported Apr 18 2013 - Updated Apr 19 2013 - 5 reports

Fresh financial crisis case against Standard & Poor’s in Australia

SYDNEY: Lawyers who won a landmark case in Australia against Standard & Poor’s (S&P) over financial products that collapsed ahead of the financial crisis launched a new action yesterday against the ratings agency.IMF Australia, a publicly-listed company ... [Published Borneo Post Online - Apr 19 2013]

Entities: Standard & Poor's, Financial Crisis, Collateralized Debt Obligations, Australia

First reported Apr 17 2013 - Updated Apr 18 2013 - 5 reports

Standards and Poor's to be hit with more lawsuits

Stadards and Poor's is set to be hit with more law suits from councils and charities seeking to recoup losses after it was found liable in November for misleading Australian towns with investment ratings.The ratings agency was sued yesterday by the city ... [Published domain-b - Apr 17 2013]

Entities: Lawsuit, Piper Alderman, misleading

First reported Apr 16 2013 - Updated Apr 17 2013 - 22 reports

S&P faces $100m class action

Litigation funding firm IMF (Australia) has launched a class action by local councils and other bodies in the Federal Court, against credit ratings agency Standard & Poor's. The law suit could be worth $A100m-plus and relates to the positive "AA" or "AAA" ... [Published Individual.com - Apr 17 2013]

Entities: Class Action, Standard & Poor's, IMF Australia Ltd, Collateralized Debt Obligations, Lehman Brothers Holdings Inc

First reported Apr 15 2013 - Updated Apr 16 2013 - 10 reports

Councils could recoup half of losses

Litigation funding firm IMF (Australia) has negotiated a settlement with the liquidators of Lehman Brothers on behalf of local councils and others engaged in a class action suit. In 2012, Federal Court judge Steven Rares had ruled that the investment ... [Published Individual.com - Apr 15 2013]

Entities: IMF Australia Ltd, Lehman Brothers Holdings Inc, Class Action

First reported Apr 14 2013 - Updated Apr 14 2013 - 2 reports

Bank fees frenzy

The role of litigation funders has come under scrutiny in the wake of a class action against Australia's major banks over the imposition of exception fees. The case is proceeding with the financial support of IMF Australia. However, IMF in turn may face ... [Published Scottrade - Apr 14 2013]

Entities: David Edwards, Class Action, IMF Australia Ltd, Litigation, International Monetary Fund

Quotes

"It is likely that information about these lower traffic forecasts would have had a material influence on the decision of investors to invest in the BrisConnections Unit Trusts" Maurice Blackburn said

IMF bankrolling $450m Brisconnections class action [Published Business Spectator - May 17 2013]

...against for allowing a defective Product Disclosure Statement to be issued and other companies involved in the failed project may also be pursued. "Inaccurate traffic and profitability forecasts made by Arup in relation to Airport Link had been relied on by investors who have lost millions on their investments in the Brisconnections Unit Trusts" according to IMF's Queensland manager Andrew Charles

Lawsuit kicks off over tunnel projections [Published Perth Now - May 17 2013]

"We're reasonably comfortable for payments in excess of $1 billion, but where money is needed to be paid greater than that sort of sum, then the ratings agencies may not get the support of the capitalcapital markets and potentially they are a credit risk." In 2012, Moody s operating income was $1.077 billion

Economic pulse: Who rates the ratings agencies? [Published Leading Company - May 01 2013]

"Thousands of people up and down the river together with businesses and we're hoping that insurers also get involved in the process who have paid out billions of dollars in respect of the particular flood that we're talking about" he said

Legal case threatens ratings agencies' bottom line [Published ABC Online - Apr 28 2013]

More Content

sort by: Date \| Relevance
IMF bankrolling $450m Brisconnections class action [Published Business Spectator - May 17 2013]
Lawsuit kicks off over tunnel projections [Published Perth Now - May 17 2013]
Shareholder group forces GPT boss to defend mul... [Published Zecco - May 02 2013]
Legal case threatens ratings agencies' bottom line [Published Campus Daily Australia - May 02 2013]
Economic pulse: Who rates the ratings agencies? [Published Leading Company - May 01 2013]
Claim on the cards [Published InMyCommunity - Apr 30 2013]
City of Swan chief... [Published InMyCommunity - Apr 29 2013]
Legal case threatens ratings agencies' bottom line [Published News.net - Apr 28 2013]
Legal case threatens ratings agencies' bottom l... [Published Yahoo! News Australia - Apr 28 2013]
Legal case threatens ratings agencies' bottom line [Published ABC Online - Apr 28 2013]
US insurers to pay $US45 million to Lehman Bros... [Published InsuranceNews.com.au - Apr 22 2013]
Jitters on chain's future [Published Tasmania Mercury - Apr 19 2013]
S&P vows vigorous defence against councils' 'la... [Published GovernmentNews.com.au - Apr 19 2013]
Clients exposed by litigation funders' lack of ... [Published Individual.com - Apr 19 2013]
Law firm bankrolls litigation funder [Published Individual.com - Apr 19 2013]
Fresh financial crisis case against Standard & ... [Published Borneo Post Online - Apr 19 2013]
My business owes me $208m [Published Tasmania Mercury - Apr 18 2013]
S&P hit by fresh derivatives suit in Australia [Published Taipei Times Online - Apr 18 2013]
Fresh financial crisis case ag... [Published M3com.com.sa - Apr 18 2013]
S&P faces new suit in Australia [Published Business Times Malaysia - Apr 18 2013]
Fresh financial crisis case against S&P in Aust... [Published The West Online - Apr 18 2013]
'Compelling evidence' of insolvent trading [Published Individual.com - Apr 18 2013]
Standards and Poor's to be hit with more lawsuits [Published domain-b - Apr 17 2013]
Ratings agency to 'vigorously' defend class action [Published ABC Online - Apr 17 2013]
S&P Faces A$100 Million-Plus Class Action Lawsu... [Published 4 Traders - Apr 17 2013]
Aussie investors sue Standard and Poor's [Published Ireland Business World - Apr 17 2013]
S&P Sued by More Australian Towns Trying to Rec... [Published Bloomberg - Apr 17 2013]
Australian investors launch second class-action... [Published CNBC - Apr 17 2013]
S&P faces $100m class action [Published Individual.com - Apr 17 2013]
Councils pursue Standard & Poor's [Published Scottrade - Apr 17 2013]

Blogs

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Australian Unit Apparently To Blame For Lehman ... [Published Dealbreaker - Apr 15 2013] Tony Lomas, who is overseeing Lehman’s U.K. administration, a process similar to Chapter 11 in the U.S., said a number of settlements with other Lehman affiliates in the past six months helped clear the way for an initial £1.8 billion ($2.76 billion) ...

Press Releases

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IMF Australia Plaintiffs Win Against Lehman Bro... [Published PR Newswire - Sep 25 2012]