Dubber Pursues Legal Recovery Following Major Financial Misappropriation

Dubber Corporation Limited (ASX: DUB), a leader in conversational intelligence, is taking decisive legal and financial steps after uncovering the misappropriation of AU$26.6 million during FY24. The company aims to restore its financial health by reducing annual costs by AU$4 million and maintaining a minimum working capital of $12 million, targeting a return to positive underlying operating cash flow before December 2025. Dubber’s wholly owned subsidiary has initiated legal proceedings in the Federal Court of Australia against its former auditors, BDO Audit (WA) Pty Ltd, alleging negligence and deceptive conduct. The claims span audits from 2019 to 2022. While legal outcomes are uncertain, the company is also preparing additional claims against individuals and associated parties involved. Dubber emphasizes that it will not raise further capital for litigation purposes and expects any successful recoveries to improve its financial position without burdening shareholders

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