Slater & Gordon (S&G) has remained tight-lipped as two Australian law firms invite shareholders in S&G to register for potential group actions against it. One of the firms, Maurice Blackburn, said concerns centred on the “timing and accuracy” of information released by S&G.
The former chief executive of Quindell Legal Services (QLS) has admitted that he was wrong to sell a business he had built up over 13 years to the troubled plc two years ago. However, Phil Hodgkinson said he had learnt a lot from the “Quindell experience”.
Your Legal Friend, a trading name of Liverpool law firm Camps Solicitors, has confirmed that it has launched its long-awaited shareholder group action against Quindell plc.
The number of potential shareholder claims against Quindell plc has hit 850 in the wake of last week’s “breathtaking” financial restatements, it has emerged. The number of potential claimants had been “increasingly fairly steadily”, but “there was a surge over the last week or so”.
The Serious Fraud Office (SFO) has announced this afternoon that its director has opened a criminal investigation into “business and accounting practices” at troubled Quindell plc. The Financial Reporting Council has launched its own investigation.
The TV advertising battle between legal brands stepped up this week with Slater & Gordon launching a new campaign with the message ‘Your case is our cause’. Meanwhile, the share price of Quindell plc, part of which S&G is in talks to buy, continues to fluctuate.
The number of current and former shareholders in AIM-listed alternative business structure Quindell registering with a Liverpool law firm for a potential group action has doubled to over 500.
Jim Sutcliffe, appointed deputy chairman of alternative business structure Quindell earlier this month, has resigned from the board of the Financial Reporting Council.
Quindell was the centre of renewed criticism this week over the grant of over 8m in share options to Richard Rose, the AIM-listed company’s new non-executive chairman, whose appointment was announced on Monday.
More than 250 current and former shareholders in AIM-listed alternative business structure Quindell have already registered their interest in a potential group action, Liverpool law firm Camps has said.