http://www.cityam.com/222510/quindell-names-new-boss-unravel-mess
Quindell Timeline
APRIL 2014 Gotham City Research releases a devastating report attacking Quindell’s accounting methods. Its shares lose half their value, and the firm successfully sues.
JUNE 2014 Quindell announces it doesn’t meet the requirements for a premium listing on the London Stock Exchange. Shares fall a further 20 per cent following the announcement.
NOV 2014 Shares hit an 18-month low, and founder and chairman Robert Terry is ousted from the board following investor concern over a share-transfer agreement between himself, directors and a third party while sitting on price- sensitive information.
MARCH 2015 Australian law firm Slater & Gordon purchases Quindell’s professional services division for £637m. Incumbent chief exec Robert Fielding steps down.
JUNE 2015 The FCA opens an investigation into Quindell’s public statements regarding its accounts during 2013 and 2014.
5 AUG The SFO confirms it has launched a criminal investigation into Quindell. The Financial Reporting Council says it too will investigate the firm’s accounts.
17 AUG Indro Mukerjee is announced as the company’s newest chief exec. He will take up the role on 7 September.
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