Sept 29 (Reuters) - IMF Bentham Ltd (IMF)
- Refers to announcement in Kagara matter of 15 Aug regarding IMF's proposal to fund claims of certain current and former shareholders of Kagara
- Confirms that condition precedent to its funding of the matter has been satisfied
- Also confirms that legal proceedings for class action have been commenced in federal court in Sydney
- Will now be funding piper Alderman lawyers to pursue claims for compensation against certain former directors of Kagara
