Australian corporation ABC Learning Centres is reportedly facing legal action from current and former shareholders on claims the company failed to meet its continuous disclosure obligations. IMF (Australia) Ltd said it will fund claims that certain shareholders have against ABC regarding alleged misleading and deceptive conduct between August 27, 2007, and April 21, 2008. The Business Spectator reports that ABC stated that it had not yet received any claim or any notice of claim.
Read the Business Spectator article
