Subject: Outcome of Bonitas litigation Rural Funds Management Limited (RFM), as responsible entity for the Rural Funds Group (ASX: RFF) advises that the Supreme Court of NSW has declared that the publication of the Bonitas report dated 6 August 2019 by Bonitas Research LLC (Bonitas) and its principal, Matthew Wiechert, contravened both the Corporations Act and the ASIC Act and has awarded damages and costs in favour of RFF. The Court ordered damages payable by Bonitas and Wiechert, in the amount of $530,201 as well as costs of $368,974.
Did they pay up ? I don't recall seeing an announcement that they did.
NEA Price at posting:
$2.16 Sentiment: None Disclosure: Held
