SGH shareholders received 18c for every dollar, SGH did raise $890m cash for the deal.
The class action was settled for only $36.5m, the insurers paid $32.5m, SGH paid $4m.
Jul 11, 2017 - Maurice Blackburn is expected to sue Slater and Gordon's advisers to recover the remainder of shareholders' losses after it settled a touted $250 million class action for $36.5 million. Most of the settlement money came from Slater & Gordon's insurers, who tipped in $32.5 million, with the hedge funds that bought Slater's debt contributing $4 million.
18 cents for every dollar
The $36.5 million settlement means shareholders on its face value will get about 18¢ for every dollar they lost in investing in Slater & Gordon.
