Appeal Filed in Class Action Investment

LCM has announced that an appeal has been filed in relation to the class action funded by LCM on behalf of Queensland users of electricity against the Stanwell Corporation and CS Energy. The first instance judgment ruled against LCM's funded party. Read more.

LCM is also considering an appeal of a judgment in a class action against Quintis, a company which previously operated an extensive plantation of Indian sandalwood trees in northern Australia. The Federal Court recently ruled that Quintis and its auditors engaged in misleading and deceptive conduct in relation to the financial statements issued by Quintis, but that shareholders did not suffer a loss. Read more.