The litegation funder is not a listed entity but it comes out of Singapore from what I have read and the funder is based out of Piper Alderman offices here in Australia.
Piper Alderman took over the case at I assume the direction of the funder who there is an obvious relationship with.
I am sure the old legal firm got really PO but CHM would have had no choice.
They are paying a third party law firm to prepare two cases to go to court and any thoughts that this is not costing a lot is dilusional.
The small case (Koh and Evans) is for 5% of the asset which represents 10% of MMX shares in Crossland as they have sold half to Mitsubishi. THis would not leave MMX in a very good place at all.
Dispite what the world thinks of Koh and Evans it will still come down to what the contract said and what services they performed. A simpler case than the CHM direct action.
MMX Price at posting:
$1.61 Sentiment: LT Buy Disclosure: Not Held