Excerpt 

A company which funds class actions says it plans to sue childcare operator ABC Learning for breaches of company law.

Litigation provider, IMF Australia, will finance the class action to be brought by hundreds of shareholders who are seeking at least $100 million.

ABC Learning shares have slumped by more than 90 per cent over the past year.

Shares have been suspended from trade since last month and the company has until next Tuesday to release its long-delayed profit results for the 2008 financial year.

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