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Sundance action

Sundance Resources is facing a fresh legal threat over the plane crash that killed all of its directors in 2010. Families and estate holders of six employees lodged an action in the US state of Illinois claiming unspecified damages. Sundance said it would defend its position.
By · 21 Jun 2013
By ·
21 Jun 2013
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Sundance Resources is facing a fresh legal threat over the plane crash that killed all of its directors in 2010. Families and estate holders of six employees lodged an action in the US state of Illinois claiming unspecified damages. Sundance said it would defend its position.
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Frequently Asked Questions about this Article…

Families and estate holders of six employees have lodged a legal action in the US state of Illinois related to the 2010 plane crash that killed all of Sundance Resources' directors. The claim seeks unspecified damages and Sundance has said it will defend its position.

The action relates to the 2010 plane crash that killed all of Sundance Resources' directors, as reported in the article.

The lawsuit was lodged by the families and estate holders of six employees, and the action was filed in the US state of Illinois.

The article states the plaintiffs are claiming unspecified damages; no dollar amount or figure was disclosed.

Sundance Resources has publicly stated it will defend its position against the lawsuit.

The article does not provide details on financial impact. Generally, lawsuits can involve legal costs and create uncertainty, so investors may want to monitor official company updates and regulatory disclosures for any material developments.

The article only states that the action was lodged in the US state of Illinois and does not explain the plaintiffs' choice of jurisdiction.

Everyday investors should watch for further company statements and filings, consider how legal risks fit their risk tolerance, and consult a financial adviser if uncertain. The article confirms only that a lawsuit has been filed and that Sundance will defend itself.