Litigation funder backs Great Southern action
The liquidators of managed investment scheme Great Southern Limited have entered into a litigation funding agreement to help pursue outstanding matters including cost recovery.
Publicly-listed litigation funding company Hillcrest Litigation Services has announced to the Australian Securities Exchange that it has entered into the funding agreement with the liquidators of Great Southern Limited, Ferrier Hodgson.
It said it had agreed to provide funding to enable the liquidators to complete their investigations into certain aspects of the affairs of the companies and thereafter to pursue any recovery actions as appropriate.
The companies covered by the litigation funding arrangements are Great Southern Limited and Great Southern Managers Australia Limited.
AUTHOR
Mike Taylor
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