$450m class action launched against NAB
Headline Legal News
A $450 million class action is being launched on behalf of National Australia Bank shareholders who lost money during the global financial crisis because of NAB's exposure to toxic debt.
Legal firm Maurice Blackburn will lodge the claim in a Victorian court tomorrow.
The firm says NAB had bought $1.2 billion in collateralised debt obligations (CDO) in 2006 which had a heavy exposure to the US sub-prime housing market.
It will allege that between early January and late July that year, NAB failed to properly disclose to shareholders all material information relating to its CDO exposure.
Related listings
-
Court Appoints Lawyer for Bernard Kilpatrick
Headline Legal News 11/03/2010It's the ongoing public corruption investigation that's led to charges against numerous city officials, including former Detroit Mayor Kwame Kilpatrick. It now appears his father could soon be at federal court, as well."The case looks like it's at a ...
-
BP expected to pay Florida $20M for seafood inspections
Headline Legal News 10/25/2010Florida Agriculture Commissioner Charles Bronson says BP will pay his department $10 million to strengthen its inspection operations to ensure that seafood taken from Gulf of Mexico waters is safe to eat.Bronson said Monday another $10 million from B...
-
Court won't speed challenge to MN disclosure law
Headline Legal News 10/04/2010A federal appeals court has declined to fast-track a challenge against a Minnesota law requiring disclosure of corporate political spending.In an order Monday, the 8th Circuit Court of Appeals denied a motion to expedite the case, and it scheduled or...
Any contracts or any transactions can go awry at any time
We know your business means a lot to you and want to understand all the aspects of your business so that we can help you in the best ways possible. We don’t discriminate depending on the size of your company. Our mission statement is to represent all business owners and entrepreneurs by navigating them through the rough waters of business litigation and guiding them to success.
We are attorneys who want to make sure we understand your business objectives and goals before we start providing you with legal counsel individualized to your business. We know what it means to be dedicated to your business. After all, we are a business as well. And just like you, we want to provide the best service we can to our clients.
Any contracts or any transactions can go awry at any time. Sometimes, making important business decisions without legal help from business attorneys could cost you your business.We don’t want you or your business to be misconstrued by anyone. Our attorneys make sure that we communicate with you often to make sure we are giving you the legal guidance you need at all times. We make sure we are responsive in a timely-manner with every single one of our clients to help them identify risks and prevent legal battles before they arise.