IMF Bentham Notifies on Potential Settlement of Class Action

  • Nov 05, 2019 AEDT
  • Team Kalkine

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.

 

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