Oct 22 (Reuters) - Lawfinance Ltd LAW.AX :
* COURT DECIDED CASE IN AUSTRALIAN LITIGATION FUNDING PORTFOLIO, CO-FUNDED BY UNIT, AGAINST FUNDED CLIENTS
* DECISION ON WHETHER AN APPEAL WILL BE LODGED WILL BE MADE IN NEAR FUTURE
* EXPECTS TO WRITE OFF ITS INVESTMENT, NET OF CO-FUNDING PAYMENTS, OF ABOUT A$3.7M
* EXPECTS TO GENERATE CASH OF AROUND A$10M FROM ITS SHARE OF ANTICIPATED PROCEEDS OF RESIDUAL CASES IN LITIGATION FUNDING PORTFOLIO