The Motley Fool

IMF Bentham share price on watch on Brisbane floods class action update

The share price of IMF Bentham Limited (ASX: IMF) will be on watch next week after the litigation funder provided an update about the Brisbane floods class action. 

In previous announcements on 2 December 2019 and 13 December 2019, IMF Bentham has told the market about the judgement of the New South Wales Supreme Court in the Brisbane Floods class action which found the defendants liable in negligence to the group members.

The State of Queensland has already said it does not intend to appeal the decision. 

But, IMF Bentham has announced that Queensland Bulk Water Supply Authority trading as Seqwater and Sunwater Limited, which are both Queensland State owned enterprises, have announced that they will lodge a notice of intention to appeal the decision. 

IMF Bentham said that Seqwater and Sunwater have stated that they have not yet made a formal decision as to whether to proceed with an appeal and the filing of the notice is “protective” at this time. 

NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%...

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.


Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.