Potential claim against ASX execs?

Australian funder Litigation Capital Management is reportedly investigating a potential class action against former executives of the ASX over the failed implementation of an upgrade to the exchange’s clearing and settlement platform, named “CHESS”. LCM is believed to be looking for a lead shareholder for the class action, which will target former ASX officers rather than the ASX itself. LCM has not confirmed or denied the potential investigation or any potential class action.

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