News: SHJ Shine Corporate updates on Oakey contamination class action

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    March 17 (Reuters) - Shine Corporate Ltd (SHJ)

    • Oakey contamination class action - litigation funding
    • To confirm extension of its cba facilities, including an additional $9 million market rate facility
    • Proposed action will be conducted on behalf of property and business owners affected by contamination
    • Agreement by litigation funder imf bentham to fund proposed class action to be conducted by co's subsidiary, shine lawyers pty ltd
    • Contamination alleged to have arisen from use of aqueous film forming foam at aviation centre
    • Proposed class action against commonwealth of australia (department of defence) to contamination at oakey army aviation centre, become unconditional
    • IMF has confirmed that condition precedent to agreement has been satisfied
 
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