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Ex-Pitcher Partners boss agrees Slater & Gordon audit went ‘off the rails’
Class Actions 2021-11-17 8:05 pm By Cindy Cameronne

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 & Gordon’s $1.2 billion Quindell acquisition, but ran out of time because its audit of the firm went “off the rails”.

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Judge shoots down Colonial First State’s bid for warning in class action opt out notice
Class Actions 2021-11-17 9:29 pm By Bianca Hrovat

A judge has knocked back Colonial First State’s bid to warn around 100,000 group members that even if they opt out of a class action against the wealth management firm they might still be bound by the outcome of the case.

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In rare shareholder class action trial, Slater & Gordon investor takes stand
Trials 2021-11-15 8:27 pm By Cindy Cameronne

The lead applicant in a shareholder class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition has said he might have “dumped” his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Young’s allegedly faulty advice.

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Judge appoints sample group members in $500M Uber class action
Class Actions 2021-11-15 10:43 am By Miklos Bolza

A judge has appointed seven sample group members in a class action by taxi and hire car drivers against Uber, saying they would provide additional information about the regulatory environment in different states and bring focus to the trial.

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EY says Pitcher Partners ‘solely responsible’ in Slater & Gordon class action
Class Actions 2021-11-12 4:07 pm By Cindy Cameronne

Accounting firm Pitcher Partners was “solely responsible” for giving allegedly negligent advice about Slater & Gordon’s disastrous $1.2 billion Quindell acquisition ahead of the law firm’s massive losses in 2016, Ernst & Young has argued at trial in a long-running class action by the firm’s shareholders.

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‘Astonished’ judge scolds law firms for slow progress in Treasury Wine Estates class action
Class Actions 2021-11-12 5:42 pm By Miklos Bolza

A Victoria Supreme Court judge has admonished Maurice Blackburn and Slater & Gordon for their less than speedy progress in a consolidated shareholder class action against Treasury Wine Estates, after hearing that evidence would not be filed by the plaintiffs until the end of 2022.

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Pitcher Partners, EY point finger at Slater & Gordon’s lawyers in class action trial
Class Actions 2021-11-11 9:45 pm By Cindy Cameronne

Accounting firms Pitcher Partners and Ernst & Young have blamed the lawyers who advised on Slater & Gordon’s disastrous $1.2 Quindell acquisition for the its massive losses in 2016, saying they failed to point out the “commercial misjudgment” of agreeing to the deal.

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Slater & Gordon shareholders say EY, Pitcher Partners’ audit was ‘superficial’
Trials 2021-11-10 9:05 pm By Cindy Cameronne

Accounting firms EY and Pitcher Partners ignored “front page news” that Slater & Gordon’s acquired business Quindell was scrutinised by a UK regulator after reporting a $250 million (£137 million) loss, a court heard on the second day of trial in a class action by the law firm’s shareholders.

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Pitcher Partners, EY audit blamed for $800M drop in value of Slater & Gordon’s acquired business
Class Actions 2021-11-09 8:50 pm By Cindy Cameronne

Accounting firm Pitcher Partners gave faulty advice ahead of Slater & Gordon’s disastrous $1.2 billion Quindell acquisition that was responsible for $800 million in the business’ value “disappearing” within six months, a court heard on the first day of trial in a long-running class action by the law firm’s shareholders.

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Maurice Blackburn sued for negligence for filing lawsuit out of time
Professional Negligence 2021-11-09 2:32 pm By Miklos Bolza

Maurice Blackburn is being sued by a factory worker who claims the law firm’s negligence in failing to file a lawsuit on time cost him the opportunity to recoup significant damages from his former employer for physical and psychological injuries sustained while on the job.

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