IMF Bentham Ltd (ASX: IMF) announced on Friday that it has made at least $7.5 million from an Australian case.
IMF has been one of the world’s leading global litigation funders since 2001. It’s headquartered in Australia and has offices in the US, Canada, Singapore, Hong Kong and London. IMF has an experienced litigation funding team that oversees its investments. At 30 June 2019 it had achieved a 90% success rate across 184 completed cases (excluding withdrawals).
IMF Bentham’s Latest Win
The company announced a ‘confidential’ partial settlement has been reached in an Australian case it has funded.
The settlement has been reached with one of two defendants, but the settlement terms remain confidential whilst the case proceeds against the remaining defendant.
IMF currently expects to receive revenue of approximately $7.5 million from this partial settlement. After the case is finished IMF will provide further information on the case after it has been completed.
IMF is very different to every other business on the ASX, it’s an interesting one. I wouldn’t mind having a small piece of it in my portfolio, but I wouldn’t really know how to evaluate its future prospects.
I’d rather buy the shares of the growth stocks in the free report below instead though.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.