Online surf and skate wear retailer SurfStitch is facing its second class action from shareholders who lost money when its share price was wiped out by a series of profit downgrades and ill-advised acquisitions.

Vannin Capital, one of the largest litigation funders in the world, has engaged Sydney law firm Quinn Emanuel Urquhart & Sullivan to file a $100 million class action claim against SurfStitch in the Queensland Supreme Court.

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Notes to Editors:

For more information on Vannin Capital, please contact: Leanne Harker, Marketing at Vannin Capital, T: +44 (0)1624 615 111, E: