News: MGC MG Unit Trust updates on legal proceedings

May 17 (Reuters) - MG Unit Trust (MGC) :

• Murray goulburn acknowledges class action (MGC)
• Says murray goulburn co-operative co. ltd and Mg responsible entity ltd,have been notified that group proceeding has been filed against them
• Says proceeding has been filed on behalf of the lead plaintiff by victorian solicitor mark elliott
• Says companies strongly deny there is a proper basis for this claim, and will vigorously defend the proceedings
• Statement of claim alleges contraventions of the corporations act through allegedly misleading or deceptive statements