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Litigation Funders Join Forces Against First Publicly Traded Law Firm
By Victoria Basham, The Global Legal Post, April 15, 2016
This post has been viewed 2,636 times.
This post has been viewed 2,636 times.
The potential claims against Slater and Gordon will stem from statements issued by the company’s board of directors in relation to earnings guidance in 2015 and the group’s $890m capital raising, as well as its acquisition of the professional services divisions of Quindell last year for around $1.3bn.
Slater and Gordon – which in May 2007 became the first law firm to list on the Australian bourse – has lost nearly 90 per cent of its $2.75bn market value since last April and recorded a net loss of $958.3m for the six months to 31 December. Sources: Yahoo Finance; Australasian Lawyer
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