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IMF to fund class action against Great Southern

Litigation funder IMF has announced it will fund a class action against collapsed agricultural investor Great Southern Limited.The action, to be launched in the Supreme Court of Western…

October 19, 2009 • By Lawyers Weekly

Litigation funder IMF has announced it will fund a class action against collapsed agricultural investor Great Southern Limited.

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The action, to be launched in the Supreme Court of Western Australia, will be taken on behalf of investors in Great Southern Plantations from 1998 to 2003 who exchanged their woodlot interests for shares in Great Southern Limited as part of a failed program called "Project Transform".

The action will seek damages against Great Southern and its directors.

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IMF to fund class action against Great Southern