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Class action against Qoin issuer flags tweaks to case after ASIC win
Cryptocurrency 2024-05-24 1:12 am By Cindy Cameronne

A class action against BPS Financial may abandon some claims after a judge found in a separate case brought by the Australian Securities and Investments Commission that the Qoin cryptocurrency issuer made false and misleading claims about its product.

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‘Why do they have to be so precise’: Judge quizzes crypto issuer over class action pleadings
Cryptocurrency 2023-05-30 3:53 pm By Sam Matthews

The judge overseeing a class action against Qoin cryptocurrency issuer BPS Financial and several related companies has questioned the level of precision required of the pleadings, as the company fights the  applicant’s bid to amend its case for the fourth time.

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Crypto class action against Qoin issuer trying to bring ‘entirely new’ case, court told
Cryptocurrency 2023-04-20 4:10 pm By Cindy Cameronne

Qoin cryptocurrency issuer BPS Financial is fighting a class action applicant’s bid to amend its case for the fourth time, saying it is trying to bring an “entirely new claim”.

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Law firm close to filing Blue Sky class action, partner says
Securities 2021-08-30 5:34 pm By Cat Fredenburgh

A shareholder class action against defunct fund manager Blue Sky Investments and others will be filed by the end of the year, Lawyerly has learned.

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Potential class action against defunct fund manager Blue Sky gets major boost
Securities 2021-03-19 10:42 pm By Christine Caulfield

A law firm may soon have more ammunition to back a potential shareholder class action against Blue Sky Alternative Investments, its former directors and auditor Ernst & Young.

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Equititrust settlement with KPMG approved after no objections to funder taking all
Restructuring & Insolvency 2019-06-28 9:04 pm By Amelia Birnie

A court has approved a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG, after not a single objection was raised by unitholders or creditors who won’t receive anything after the entire amount is paid to the funder.

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Funder takes all in Equititrust settlement with KPMG, creditors get nothing
Restructuring & Insolvency 2019-06-20 9:10 pm By Miklos Bolza

The approval of a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG has been postponed to allow time to notify creditors and unitholders that they won’t see a cent, an outcome the judge called “a long way from litigation in any traditional sense”.

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Judge signs off on $30M settlement in liquidator’s LM Investment case
Restructuring & Insolvency 2019-05-23 3:16 pm By Christine Caulfield

A Queensland Supreme Court judge has given the green light for a $30 million settlement of a liquidator’s case against failed financial services firm LM Investment Management, saying the result was appropriate and “a matter of some public interest”.

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