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$1.17 thorn group limited

Ann: Class Action Settlement, page-23

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grimloq

707 Posts.

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04/09/19

11:08

Post #: 40304653
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Originally posted by GoldenEagle: ↑

Well, the legal cost to Thorn is almost 3-4 million which will add up as we go and on principles Thorn did not had very strong case hence the settlement was wise thing to do - most of the time the big guns will fight a loosing legal battle just because they do not want to admit they were wrong - I think whether Thorn was sound or not it was good decision to settle the case as the claim was earlier made for 50 Million and there were rumours that a compensation of 100 Million may be awarded - the things are moving in right direction now ....

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from a cost or strategic basis yes. But thorn did have a strong legal case. Reference PPs posts.

Thorn struggling financially is why MB got such a big settlement.

TGA Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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