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News: IMF IMF Bentham announces funding of class action against against UGL Ltd, page-7

  1. denk12
    7,445 Posts.
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    29/09/16
    10:56
    Post #: 19501643
    Markie Mills

    I had a similar thought, and raised the same question a while back. The answer was that directors & officers ought(???) have litigation liability for an ASX listing.

    I doubt the directors & officers have the resource to entertain this claim in their own right.

    Perhaps someone could point to the obligation, and the requirement of adequate cover?

    Let's assume S&G would have received this contract from UGL.AX as part of their discovery?
    Last edited by denk12: 29/09/16
    IMF Price at posting: $1.84 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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