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.