LCA 0.00% 91.0¢ litigation capital management limited

May 25 (Reuters) - Australia's Litigation Capital Management...

  1. 189,635 Posts.
    lightbulb Created with Sketch. 2783

    May 25 (Reuters) - Australia's Litigation Capital Management (LCA) will fund a shareholder class-action against sandalwood distributor Quintis Ltd (QIN) as well as its auditor Ernst & Young, Litigation said in a statement to the Australian bourse on Friday.

    The claim alleges that financial reports of 2015 and 2016 significantly over-stated the value of Quintis’ assets and the amount of Quintis’ profits in those years.

    The class-action commenced on Friday in Sydney in the Federal Court of Australia.

 
watchlist Created with Sketch. Add LCA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.