Rural Funds Management has been awarded damages over a Bonitas short sell report - Sequoia Direct Pty Ltd

02AprApril 2, 2020

Rural Funds Management has been awarded damages over a Bonitas short sell report

Rural Funds Management as responsible entity for the Rural Funds Group (ASX:RFF) has been awarded damages over a Bonitas short sell report.

The Supreme Court of NSW declared that the publication of the Bonitas report dated 6 August 2019 by Bonitas Research LLC and its principal, Matthew Wiechert, contravened both the Corporations Act and the ASIC Act and has awarded damages and costs in favour of RFF.

The Court ordered damages payable by Bonitas and Wiechert, in the amount of $530,201 as well as costs of $368,974.

Shares in Rural Funds Management (ASX:RFM) are trading 1.34 per cent higher at $1.90.

Copyright 2020 – Finance News Network

Source: Finance News Network

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