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. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.