Timbercorp appeal dismissed

The High Court has dismissed an action by aggrieved 'grower’ clients of failed group Timbercorp.

One only need to look at the litigation surrounding Timbercorp as a reminder of why investors can be a little gun shy of the agribusiness sector.

Yesterday the High Court dismissed an action by aggrieved 'grower’ clients of failed group Timbercorp, refusing to grant them leave to appeal against an order to pay back some $515 million.

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