@@jawburns@Gaptrade1
I'm curious as to what the cause of action would be and against whom? Would you be seeking to re-agitate the issues that ISX folded on? It's laughable that they listed the litigation as a contingent asset in the demerger papers. I think you'd need to know what terms ISX v ASX were settled on at the very least and that's before you would even face an application to have any proceedings dismissed. I think it highly unlikely that any litigation funder would buy into that one but there may be a few well-heeled share holders who don't mind parting with their hard-earned. You'd have a better chance at a class action against ISX and its erstwhile directors but how could you enforce that judgment (even assuming the case was successful).
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ASIC v ISX Hearing, page-2524
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