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Slater and Gordon circles AMP
Slater and Gordon is considering a shareholder class action against AMP with global backing, following a similar bid by Quinn Emanuel and Burford.
Emma Musgrave
The listed law firm has revealed it has paired up with litigation funder Therium Capital Management Limited (Therium) to investigate what it says could have the potential to be one of Australia's biggest investor class actions against AMP.
Slater and Gordon said the investigation to date suggests that AMP may have breached its continuous disclosure obligations between 28 May 2015 and 13 April 2018, causing investors who acquired shares during this period to suffer loss.
“More than a billion dollars has been wiped from AMP’s market cap since these revelations were made public during the royal commission hearings and it has left thousands of investors reeling,” head of class actions Ben Hardwick said, speaking on behalf of Slater and Gordon.
"Not only did senior executives admit AMP had been charging significant fees for financial advice services it did not provide, but they also admitted the bank tried to conceal these practices by repeatedly telling ASIC they were the result of an administrative error.
“We allege that this conduct was both unlawful and unethical and reflected serious compliance problems within AMP, and the market had a right to be informed about what they were buying into.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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