IMF Bentham Limited (ASX: IMF) has reported that the Australian Federal Court has approved the deed of settlement in the Forge securities class action.
The company confirmed that the balance sheet generates approximately:
Since 1 July 2019, from its completion, the company recognised gross income of roughly $7.3 million from the above balance sheet investment.
The company recognises a gross income of $28.2 million in FY20 and total income of $103.5 million on a consolidated basis.
IMF Bentham estimated income from the Brisbane floods class action is in between $100 million to $130 million, which is subject to the outcome of any appeals.
At AEST 01:33 PM, the stock was trading flat at $3.570, from the previous close.
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