Litigation funder IMF Bentham says the Federal Court has ordered that a class action brought against wine producer Treasury Wine Estates go to mediation before mid-August.
IMF said on Monday that the order for mediation before August 14 meant no more than that the parties propose to discuss settlement in good faith.
Treasury Wine Estates shareholders began legal action against the global winemaker and distributor in 2013 for allegedly breaching disclosure obligations over writedowns incurred to deal with excess, aged and deteriorating stock in the United States.
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