Australia's Yellow Brick Road gains on dispute settlement

Yellow Brick Road Holdings

27/09/2019 06:43

** Shares of Yellow Brick Road Holdings  YBR.AX  rise as
much as 1.4% to A$0.073, marking their biggest intraday
percentage gain in a week
    ** The wealth management services provider says legal
proceedings in relation to dispute with vendors of Resi Mortgage
Corp have been settled  urn:newsml:reuters.com:*:nASXcF5X6
    ** The dispute was over an entitlement to an earn-out amount
under a share deal dated July 8, 2014
    ** Stock has lost 7.6% so far this week and is down 24.2% in
2019, as of last close
    
    


 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com;))