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BRIEF-IMF Bentham updates on units USA case proceedings

Published 28/08/2015, 01:12 pm
© Reuters.  BRIEF-IMF Bentham updates on units USA case proceedings
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Aug 27 (Reuters) - IMF Bentham Ltd IMF.AX :

* Says decision has been delivered in the case funded by IMF'S wholly owned subsidiary, Bentham Capital Llc

* Says Bentham's client is considering whether to appeal this decision

* Says jury decided that patent owned by bentham's was not infringed by the defendant

* As a result of decision, IMF will write down its intangible assets by US$2.1M in this financial year

* Says further announcement will be made should an appeal be lodged

* There is no future cash impact associated with this write-down

* Source text for Eikon ID:nASX7nCjrB

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