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BRIEF-IMF Bentham Updates On Judgment Regarding Co's Client's Funded Claim

Published 02/12/2019, 05:02 pm
Updated 02/12/2019, 05:07 pm
© Reuters.  BRIEF-IMF Bentham Updates On Judgment Regarding Co's Client's Funded Claim

Dec 2 (Reuters) - IMF Bentham Ltd IMF.AX :

* CONFIRMS THAT SUPREME COURT OF WA DELIVERED JUDGMENT ON FRIDAY 29 NOV REJECTING IMF'S CLIENT'S FUNDED CLAIM

* ESTIMATES THAT IT WILL RECOGNISE A LOSS IN CURRENT FINANCIAL YEAR FROM THIS INVESTMENT OF ABOUT $2 MILLION

* FURTHER CONSIDERATION OF JUDGMENT IS ONGOING TO DETERMINE WHETHER AN APPEAL WILL BE LODGED

* COSTS ASSOCIATED WITH ANY APPEAL WILL BE EXPENSED AS INCURRED

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