A judge will approve a $28 million settlement resolving a class action against Arnold Bloch Leibler over advice the law firm gave to Slater & Gordon ahead of a disastrous acquisition. A 28 per cent commission for the case’s funder will also get the court’s nod.
Former Slater & Gordon managing director Andrew Grech has told the Federal Court he regretted his “catastrophic error” in approving the $1.2 billion acquisition of Quindell’s professional services division, which resulted in massive losses for the plaintiffs law firm.
Law firm Arnold Bloch Leibler will part with $28 million in its settlement with Slater & Gordon shareholders over advice ahead of the plaintiffs firm’s disastrous $1.2 billion Quindell acquisition.
A former partner at accounting firm Pitcher Partners has told a court that he had issues working with Ernst & Young on an audit of law firm Slater & Gordon, calling the Big 4 firm “uncooperative”.
A former partner at accounting firm Pitcher Partners has testified during a shareholder class action trial that he should have questioned statements about the viability of Slater & Gordonâs $1.2 billion Quindell acquisition, but ran out of time because its audit of the firm went âoff the railsâ.
The lead applicant in a shareholder class action over Slater & Gordonâs disastrous $1.2 billion Quindell acquisition has said he might have âdumpedâ his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Youngâs allegedly faulty advice.
Accounting firm Pitcher Partners was âsolely responsibleâ for giving allegedly negligent advice about Slater & Gordonâs disastrous $1.2 billion Quindell acquisition ahead of the law firmâs massive losses in 2016, Ernst & Young has argued at trial in a long-running class action by the firmâs shareholders.
A joint venture which helped design the Melbourne Metro has filed a $50 million lawsuit claiming they were not given enough of a $1.37 billion payout promised by the state’s government to cover additional work.
AMP has flagged a potential stay of a lawsuit filed by a Sydney-based financial planner against that overlaps with a class action brought by advisors alleging they suffered financial losses from changes in the company’s buyer of last resort policy.
Assessing claims of privilege involving multidisciplinary firms like PricewaterhouseCoopers that offer legal and accounting services is “inherently awkward”, a court heard on the final day of a hearing in a privilege battle between the accounting firm and the ATO.