Litigation funder, IMF Bentham Limited (ASX: IMF) has reported in principle settlement of an Australian securities class action. The settlement is dependent on agreement related to settlement terms and court approval.
- The investment was funded by IMG as part of its on-balance sheet portfolio.
- IMF expects to generate income of up to approximately $12 million.
By 12:56 PM AEST, IMF was trading at $3.435, down by 0.14% relative to the previous close.