IMF Bentham Limited
(ASX:IMF) has announced it will fund a further litigation matter in the United States.
The company says this new matter is a case in the US District Court regarding breaches of the Federal False Claims Act.
IMF says that the initial estimate of the value for this matter is $25 million.
The litigation funder says, in accordance with its policy, that it won’t reveal further details about this case until it has resolved.
IMF reported a net loss of $944,000 at 31 December 2015.
