Class Action?, page-28

This is a snippet from KAGARA case:

IMF/Piper are they being similarly selective for DML in only allowing certain claims or certain period of claims.......like to hear from you all...it would be unfair to only address investors in a certain time frame when most of us were left holding empty bags at the end of it all. Please post your thoughts, I would like all of us to receive some compensation

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The long-running saga around collapsed base metals miner Kagara has taken another twist, with litigation funder IMF Bentham announcing it will fund a shareholder class action against former directors of the company, more than four years after administrators were called in.

IMF said the class action will be conducted by Piper Alderman lawyers in Brisbane, and surrounds allegations the company made misleading and deceptive statements to the market between September 30, 2010 and April 2012.

The litigation funder says the proposed claim will allege Kagara’s directors made “misleading representations to the market concerning Kagara’s net profit (or loss) and its net assets, and did not disclose certain information to the market in its Half Yearly and Annual Reports from 29 September 2010”.
IMF said the funding the class action was still conditional on sufficient shareholders with valid claims signing onto the agreement, and Kagara shareholders that bought stock after September 30 2010 have until September 2 to register a claim in the action.

Kagara collapsed four years ago amid the downturn in base metals prices, putting its Queensland base metals mines on ice.
The bulk of those assets have now been sold, with administrators FTI Consulting saying in April they had paid back all US$12.2 ($16) million in entitlements owed to more than 300 workers left stranded by the company’s collapse.
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