News from Monday 6th.9 Apr 2009 21:25
Another hopeful sign!
6 April 2009
Melbourne-based clean energy company Ceramic Fuel Cells Limited [ASX/AIM: CFU], a global
leader in fuel cell development, today announced it has entered into an agreement with ASXlisted
litigation funding company IMF (Australia) Limited to recover lost investment funds.
Ceramic Fuel Cells is taking legal action against various parties to recover losses suffered when
Ceramic Fuel Cells’ funds were invested in a range of structured financial products.
Under the funding agreement, IMF (Australia) Limited will pay the costs of Ceramic Fuel Cells’
legal action, including all legal fees, in return for a success fee. Ceramic Fuel Cells is being
advised by the law firm DLA Phillips Fox.
The claim is expected to be for about $25 million.