| Allco Finance Group Ltd |
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| Date of Funding: | 26 Mar 2008 |
| Plaintiff: | No proceedings have been commenced at this stage |
| Defendant: | If proceedings are commenced the defendant will be Allco and possibly others |
| Court: | Proceedings not yet commenced. |
| Cause of Action: | The cause of action relates to alleged failure to disclose material information concerning, Allco's current debt position and the trigger in its $900m facility if its market capilisation fell below $2b, in the period of 21 August 2007 and 25 February 2008. |
| Estimated Completion: | March 2011 |
| Important Date(s): | | 04-Nov-2008 : | Allco is placed into receivership and voluntary administration | | 26-May-2009 : | Allco is placed in liquidation | | |
|
| Current Stage: | Information gathering with a view to determining the commercial viability of proceeding and the best way to do so. |
| | Last Updated: 20/01/2009 |
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