IMF Bentham MG class action unconditional

Company News

by Rachael Jones

IMF Bentham (ASX:IMF) has announced that the funding of the Murray Goulburn unitholder class action is now unconditional.

The litigation funder is proceeding with its class action against milk supplier Murray Goulburn and subsidiary MG Responsible Entity.

The proposed claim will allege that the Murray Goulburn entities misled investors by issuing the FY16 profit forecast, without a reasonable basis.

Investors who purchased units in the MG Unit Trust issued by MG Responsible Entity between 29 May 2015 to 26 April 2016 (inclusive) are eligible to participate in the class action.

IMF is continuing to take registrations from anyone eligible.

Shares in IMF (ASX:IMF) up 2.03 per cent to $3.01. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.