Westgem • The trial was concluded in July 2018, with some additional evidence tendered in November 2018, after which the decision was reserved. • We currently expect that a decision may be handed down in late August 2020 or early September 2020. • Our current estimate is that if our clients were to lose, the cash impact (after adverse cost insurance) will be approximately $7.5m but the P&L impact will be several multiples of this. If our clients were to succeed, the revenue to flow to Omni Bridgeway will depend on the quantum of liability, which will be determined at a subsequent hearing or settled at mediation, but is estimated to be many multiples of the cash impact of a loss.
OBL Price at posting:
$4.56 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)