TGA thorn group limited

March 30 (Reuters) - Thorn Group Ltd (TGA) Update on class...

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    March 30 (Reuters) - Thorn Group Ltd (TGA)

    • Update on class action
    • Thorn Australia Pty Limited will defend claim in ordinary course of class action process
    • confirms that a statement of claim has now been served on Thorn Australia Pty Limited, a subsidiary of company
    • It is anticipated that process could take a significant length of time (perhaps years) to run its course
    • refers to announcement with respect to a class action in connection with past lending practices of thorn group of companies
 
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