Litigation funder, IMF Bentham Ltd (ASX: IMF) moved up by 1.7% on June 29, 2018 before market close, while the group updated the market on its Murray Goulburn unitholder class action under which funding has been made unconditional. IMF Bentham Limited (ASX: IMF) refers to its previous announcement of 6 April 2018 regarding its conditional funding of a class action against Murray Goulburn Co-Operative Co. Limited and MG Responsible Entity Limited.
The company announces that the funding of the Murray Goulburn unitholder class action, financed through its Rest of the World Funds (Fund 2 and Fund 3), is now unconditional. 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 (ASX: IMF) is continuing to take registrations from eligible persons.
IMF Bentham Limited (ASX: IMF) also announced that its United States investment vehicle, Bentham IMF 1 LLC (Bentham IMF 1), has agreed to fund its forty second investment. This new investment, USF42, involves the monetization of trade secrets misappropriation and breach of contract case which is being appealed by the defendant. Bentham Limited 1 has committed to fund US$11.6M for this investment. This brings total committed funding amounts, since the inception of Bentham IMF 1 in February 2017, to US$135.7M.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.