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​IMF Bentham to fund class action against Commonwealth Bank

( September 5, 2017, 03:43 GMT | Insight) -- Litigation funder IMF Bentham has decided to finance Maurice Blackburn's class action suit against Commonwealth Bank of Australia in the wake of the massive money-laundering charges filed against it, The Australian reports.  Litigation funder IMF Bentham has decided to finance Maurice Blackburn's class action suit against Commonwealth Bank of Australia in the wake of the massive money-laundering charges filed against it, The Australian reports. The suit alleges that the bank breached disclosure obligations when it found out about its failures to file suspicious transaction reports, and that it made misleading and deceptive public statements about carrying out its obligations under anti-money laundering laws. It automatically includes some 800,000 shareholders who bought stock between Aug. 17, 2015, and Aug. 3 this year, when the money-laundering charges were filed, unless they opt out. ...

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