July 31 (Reuters) - Cash Converters International Ltd CCV.AX :
* Been served with a writ lodged with the New South Wales registry of the federal court of Australia
* Says "action will be vigorously defended"
* Says proceedings relate to loans made only in Queensland to Queensland residents by company subsidiaries based in Queensland
* Says current proceedings attack the "brokerage fee" charged to customers between 30 July 2009 and 30 June 2013
* Writ by sean lynch seeking to commence a class action claim on behalf of borrowers resident in Queensland who took out personal loans
* Writ is an ambit claim and does not quantify the amount sought to be recovered against co's subsidiaries
* Class action claim on behalf of borrowers who took out loans from subsidiaries during the period from 30 July 2009 to 30 June 2013.
* In any event, whatever that claim may be, the company is of the view that it has no prospects of success"
* Source text for Eikon ID:nASX5366Bf