Litigation Capital Management Limited (GB:LIT) has released an update.
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Litigation Capital Management Limited has faced a setback as the Federal Court of Australia ruled against its funded party in a class action case involving Queensland electricity users. Despite the unfavorable judgment, the company has invested A$25 million and is contemplating an appeal with its legal team. LCM remains confident in the underlying claim and anticipates pursuing further legal action.
For further insights into GB:LIT stock, check out TipRanks’ Stock Analysis page.
