Australia's largest stock trading and investment forum Australia's #1 stock forum

GSW

Click for more information

0.00%

29.0¢ getswift limited

Ann: Service of Application to Commence Proceedings, page-85

First 85 Last

Share
Profile

Follow
WarrenPuppet_

15 Posts.

1

21/02/18

14:58

Post #: 31225792
Share

Originally posted by 8horse ↑

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.

Read more: http://www.copyright link/business/legal/slater-and-gordon-class-action-to-target-auditors-banks-and-lawyers-20170711-gx8r0h#ixzz57i8Q3Lsq

Expand

Thank you for the link.
$36.5million from $250million and 18c from a dollar doesn't sound much. I was hopping for at least 50%. Guess it's better than nothing...

GSW Price at posting: 55.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RXL

Diamond drilling hits gold at 16.71 g/t for Rox at Paddy's Lode, extending mineralisation

There are more pages in this discussion • 113 more messages in this thread...

First 85 Last

Add GSW (ASX) to my watchlist