SGH has continuously declined to disclose key evidence and caused an extended delay in serving a claim.
imho this indicates a need for SGH to stall for time. SGH is sinking under the weight of it's debts. It has proved incompetent in progressing the NIHL claims efficiently and it has made a pigs ear of integrating PSD and applying 'SGH accounting standards'.
Let's not forget those standards have been brought into question ages before they looked to WTG.
Sydney and New York-based hedge fund VGI Partners, the $600 million fund founded by Rob Luciano, had been sceptical of Slater & Gordon for months and already taken a short position in November,months before the Quindell deal had been conceived.
SGH Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held