OZ Minerals refers to the announcement by IMF Australia Pty Ltd (IMF) That it plans to raise funding to finance a class action against OZ Minerals alleging misleading and deceptive conduct.
OZ Minerals has not received any statement of claim or other document from IMF, although it is aware that IMF proposes to engage Maurice Blackburn Pty Ltd to pursue the planned action.
OZ Minerals wishes to state categorically that it absolutely refutes any assertion or allegation that it has engaged in misleading or deceptive conduct or has in any other way acted other than in compliance with the Corporations Act, the ASX Listing Rules, or other than in the best interests of its shareholders.
OZ Minerals’ CEO and Managing Director, Mr Andrew Michelmore, said “the Company will vigorously defend itself against the legal action proposed by IMF if and when any such action is taken against the Company.”

IMF is a publicly listed company providing funding of legal claims and other related services where the claim size is over $2 million. IMF is the largest litigation funder in Australia and listed on the Australian Stock Exchange, code (ASX:IMF).

Coober Pedy Regional Times