IMF Bentham announces $11.6m investment

Company News

by Anna Napoli

Global litigation funder IMF Bentham (ASX:IMF) announced a new investment of $11.6 million for a trade secrets misappropriation and breach of contract case in the US.

The litigation will be funded from its US investment vehicle Bentham IMF 1.

The investment brings total committed funding amounts for IMF 1 to US$136 million and marks its 42nd investment.

Back home the company proposed to fund a class action against Retail Food Group last month.

Shares in IMF Bentham (ASX:IMF) are trading up 2.52 per cent to $2.85
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.