IMF Bentham-backed CBL claim to collide with LPF-backed suit

Tue, 03 Dec 2019

Law firm Glaister Ennor and Australian litigation funder IMF Bentham applied to the High Court on Monday to start a class action against CBL Corp on behalf of Basil Ian Livingstone and others who collectively own about 14 percent of the failed insurer. That puts the suit on a collision course with another funded by local litigation funder LPF Group and backed by CBL's major institutional shareholders Harbour Asset Management, Australia-based Argo Investments and broking firm Forsyth Barr. A crucial difference is that the LPF-backed suit i...

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