Billabong to pay $45m to settle class action, page-56

JUSTKAPITAL ENTERS INTO AGREEMENT WITH UK-BASED WOODSFORD TO FUND SHAREHOLDER CLASS ACTION AGAINST SLATER & GORDON JustKapital Litigation Partners Limited ("JustKapital" or "the Company") is pleased to announce that, together with London based Woodsford Litigation Funding Limited ("Woodsford"), it has agreed the terms of a conditional funding agreement with leading class action lawyers ACA Lawyers to prosecute a class action against listed law firm Slater & Gordon on behalf of shareholders who have suffered losses.
The potential shareholder claims against Slater & Gordon arise from:
 a number of statements and announcements issued by the board of directors of Slater & Gordon in relation to earnings guidance in 2015;  statements made by the board of directors in the course of Slater & Gordon's $890 million capital raise through a "pro rata accelerated renounceable entitlement offer of new shares";
 Statements made by the board of directors of Slater & Gordon in relation to the acquisition of the professional services divisions of Quindell PLC for circa $1.3 Billion in 2015.