Market Reaction: Slightly Negative on sentiment; this however does not change the solid fundamentals of the firm. These sorts of class action lawsuits are uncommon in the UK and the bar for success against the company/board will be high. We would not anticipate the potential liability to Ithaca to be material. We continue viewing Ithaca as a potential take over target.
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STATEMENT OF CLAIM NOTICE
Market Reaction: Slightly Negative on sentiment; this however does not change the solid fundamentals of the firm. These sorts of class action lawsuits are uncommon in the UK and the bar for success against the company/board will be high. We would not anticipate the potential liability to Ithaca to be material. We continue viewing Ithaca as a potential take over target.