Action against CMR from a number of shareholders now rears it's head.
Regards,
TCG.
Receipt of Statement of Claim relating to the Trustees' rejection of shareholder proofs of debt.
"Receipt of Statement of Claim relating to the Trustees' rejection of shareholder proofs of debt The Company has received a Statement of Claim on behalf of a number of shareholder plaintiffs.
The claim relates to the rejection of the proofs of debt that certain shareholders submitted to the Trustees of the Creditors' Trust that was created upon the effectuation of the Deed of Company Arrangement in respect of the Company.
The Statement of Claim was filed in the Supreme Court of New South Wales on 25 January 2012. Martin Jones and Darren Weaver in their capacities as joint and several Trustees of the Creditors' Trust are also named defendants in the Statement of Claim.
The Company is considering the Statement of Claim and will keep the market informed of further developments.
ends..
CMR Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held