On 27 November 2019, IMF Bentham (IMF) announced that the Supreme Court of New South Wales will deliver its judgment in relation to the Brisbane Floods Class Action (Wivenhoe Investment) on 29 November 2019. This is one of the large remaining investments on IMF's balance sheet.
On 27 November 2019, IMF Bentham (IMF) announced that the Supreme Court of New South Wales will deliver its judgment in relation to the Brisbane Floods Class Action (Wivenhoe Investment) on 29 November 2019. This is one of the large remaining investments on IMF's balance sheet.
While the announcement of the judgment will be of interest, we believe that this will not provide any firm views on the potential ultimate impact of the case, irrespective if the decision goes in favour or against IMF.
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