IMF (ASX:IMF) awaits judgement in Brisbane Flood Class Action

Company News

by Rachael Jones

IMF (ASX:IMF) says that the Supreme Court of New South Wales has confirmed that it will deliver its judgment in relation to the Brisbane Floods Class Action at the end of this week (Friday, 29 November 2019 at 10am AEDT).

IMF will apply for a trading halt from the start of trading on that day to allow the necessary time to assess the judgment prior to providing an update to the market.

Floods in 2011 in south east Queensland damaged thousands of people’s homes. 

Shares in IMF (ASX:IMF) are trading 0.43 per cent higher at $3.50.

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.