LAW lawfinance limited
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News: LAW Lawfinance Says Court Decided Case In Australian Litigation Funding Portfolio Against...

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    22/10/20
    21:25
    Post #: 48317516

    Oct 22 (Reuters) - Lawfinance Ltd (LAW) :

    • COURT DECIDED CASE IN AUSTRALIAN LITIGATION FUNDING PORTFOLIO, CO-FUNDED BY UNIT, AGAINST FUNDED CLIENTS
    • DECISION ON WHETHER AN APPEAL WILL BE LODGED WILL BE MADE IN NEAR FUTURE
    • EXPECTS TO WRITE OFF ITS INVESTMENT, NET OF CO-FUNDING PAYMENTS, OF ABOUT A$3.7M
    • EXPECTS TO GENERATE CASH OF AROUND A$10M FROM ITS SHARE OF ANTICIPATED PROCEEDS OF RESIDUAL CASES IN LITIGATION FUNDING PORTFOLIO
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