If people are interested, have a look at pages 76-78 of the attached document (Example 'E': material law suit). You can balance it up and draw your own conclusions. Clearly, reasonable minds will differ on things like this. Prima facie, a disclosure is required but the easy way around it for ASX is to suggest that in light of the recent amended pleadings and information provided, they're not in a position to test the validity of it, let alone quantify anything.
It's all a bit of thrust and parry on the backdrop of hotly contested litigation, but if the evidence comes up to speed, I would've thought a non-disclosure at this stage will be the least of their problems.
