Statement: Slater and Gordon class action investigation

29 February 2016

The below statement is attributable to the National Head of Class Actions at Maurice Blackburn Lawyers, Andrew Watson:

The sheer size and scale of this write down casts enormous doubt on the adequacy of disclosures made by Slater and Gordon in relation the true value of the Quindell assets, from the time of the transaction’s announcement right through until today.

Today’s announcement of an $876 million impairment in goodwill and a near $1 billion loss strengthens the themes our class action investigation is pursuing, and although we still have some work to do, it now seems almost certain that we will file a class action on behalf of the thousands of aggrieved shareholders who have already registered via our website at www.mauriceblackburn.com.au/SGH

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