Gunns becomes litigation target
Publicly listed litigation funding firm IMF Australia Limited has moved to fund claims against forestry investment business Gunns Limited.
IMF has told the Australian Securities Exchange (ASX) that it proposes to fund claims by certain current and former Gunns investors relating to “alleged misleading and deceptive conduct and alleged breaches by Gunns of its continuous disclosure obligations between 31 August, 2009 and 22 February, 2010”.
The ASX announcement said that shareholders who had purchased Gunns securities during the period might be eligible to participate in the claim.
AUTHOR
Mike Taylor
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