BigClassActions.com
Advertisement

AMP Ltd.



A settlement has been reached and is pending court approval in the class action lawsuit filed against Australian funds manager and life insurer AMP Ltd. regarding its takeover of GIO Australia Holdings Ltd. in 1999. The suit was filed by former GIO shareholders, and under the terms of the settlement, AMP would pay $56.8 million of a $112 million settlement, and other parties, including nine former GIO directors and GIO's independent advisers, would pay the remainder. (Aug-08-03) [HERALD SUN]


Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no obligation, please fill in our form on the right to submit your complaint.

Add Your Comment on This Issue

Please read our comment guidelines before posting.


Note: Your name will be published with your comment.


Your email will only be used if a response is needed.

Request Legal Help