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AUSTRALIA'S IMF LTD TO FUND ACTION AGAINST DOWNER EDI.

Publication: AsiaPulse News
Publication Date: 09-MAY-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PERTH, May 9 Asia Pulse - Australia's largest litigation fund IMF Ltd will bankroll legal action against Downer EDI Ltd (ASX:DOW) brought by shareholders who allege the diversified engineering group's profit forecast for 2005/06 was misleading.

Downer delivered a $A25 million ($US20.69 million) loss in 2005/06 after forecasting a...

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