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.

Click here to read the full article (subscription may be required).

Notes to Editors:

For more information on Vannin Capital, please contact: Meika Aysal, Marketing at Vannin Capital, T: +44 207 099 5180, E: ma@vannin.com