Wealth manager E&P has reached a $16 million settlement deal for class action proceedings over alleged conflicted and misleading advice brought by Shine Lawyers on behalf of former clients of its Dixon Advisory business.
There is no admission of fault attached to the settlement.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
