KM don't care a toss about a class action against directors....

KM don't care a toss about a class action against directors.

That's for others including the banks to worry about if it ever eventuates.Winning a case against any future bankrupts isn't going to return the millions that have evaporated or even what any case may cost.

KM may however care if it should ever be found through any lack of ,or non-disclosure that many existing shareholders had a right to claim before the courts to be creditors in the final divvy-up and weren't given the opportunity to prove their claim.

There are a truck load of smaller investors and EMPLOYEES who have held shares for years and who would fall into this category.Many once their jobs are safe and secure will be looking to what they are worth and will sign anything a lawyer offers fee free upfront to find out.
The V.A. is investigating the companies affairs,so holds in many ways the KEY to any future ability to claim EASILY.
Having said that no doubt there are some bigger holders who wouldn't mind a bit of a stoush anyway and for whom Australian Capital tax losses have NO VALUE.

So lets hope everyone including the banks and lenders are playing a very politically correct game.

Just because the the hedge funds have been shorting the four Australian banks of late,co-incidently who gives a toss.

Not implying any link of course.

just thoughts .mmm.mmmm

I'm sure KM are and will been seen to do a sterling job for shareholders-in the end.

That way many potential future issues will also disappear off the screen for all concerned.