More than 18 months after a split emerged among the courts, the Full Federal Court will weigh in on whether judges have power to shut out unregistered group members from a class action. But given the breadth of the question for the appeals court, the issue is unlikely to be resolved there.
The Full Court is set to examine whether the Federal Court has the power to make class closure orders prior to mediation, weighing on one of the biggest unanswered questions vexing the class action regime.
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.
Accounting firms Pitcher Partners and Ernst & Young have blamed the lawyers who advised on Slater & Gordonâs disastrous $1.2 Quindell acquisition for the its massive losses in 2016, saying they failed to point out the âcommercial misjudgmentâ of agreeing to the deal.
Accounting firms EY and Pitcher Partners ignored âfront page newsâ that Slater & Gordonâs acquired business Quindell was scrutinised by a UK regulator after reporting a $250 million (ÂŁ137 million) loss, a court heard on the second day of trial in a class action by the law firmâs shareholders.