Brief: Omni Bridgeway Updates On Brisbane Floods Class Action

Omni Bridgeway

12/04/2022 08:52

April 12 (Reuters) - Omni Bridgeway Ltd  OBL.AX :
    * BRISBANE FLOODS CLASS ACTION - HIGH COURT LEAVE
DENIED-OBL.AX
    * HIGH COURT OF AUSTRALIA REJECTED APPLICATION TO HEAR
APPEAL OF
DECISION OF NSW COURT OF APPEAL
    * CLAIMS AGAINST OTHER TWO DEFENDANTS IN CLASS ACTION, BEING
STATE
OF QUEENSLAND AND SUNWATER, WERE SETTLED FOR A$440 MILLION
    * CO HAS TO DATE RECOGNISED INCOME OF A$95.3 MILLION FROM
INVESTMENT
    * WILL BE NO MATERIAL CASH OR ACCOUNTING IMPACT OF TODAY'S
DECISION BY HIGH COURT

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