|Claim Period:||29 May 2015 to 26 April 2016 (inclusive)|
|Shares traded in Period (m):||192|
|Price change on disclosure:||-$0.138|
|Market Cap Drop ($m):||186|
Federal Court of Australia, Victoria Registry (VID1010/2018).
Date of Filing
16 August 2018.
ENDEAVOUR RIVER PTY LTD v MG RESPONSIBLE ENTITY LIMITED & ANOR.
Solicitors for Applicant
Slater & Gordon.
Solicitors for Respondents
Herbert Smith Freehills.
Overview of Claim
The proposed claim relates to guidance provided in a Product Disclosure Statement (PDS) issued by MGRE on 29 May 2015, regarding MG’s likely revenue and profits from the sale of milk products during the financial year ending 30 June 2016 (FY16).
Persons who acquired units in the MG Unit Trust at any time prior to 27 April 2016, including pursuant to the offer contained in the PDS, and who suffered a loss as the result of acquiring those units are invited to participate in the claim by executing a Funding Agreement with IMF prior to the commencement of proceedings.
Capacity to Join
First Case Management Hearing on 21 September 2018.