This is very similar to what happened in the Vocus case. The company admitted there had been accounting errors and had to restate their financials. Slater & Gordon managed to resolve the dispute prior to commencing proceedings by simply approaching the company and saying something like - given the admissions you have made to the market there is clearly a shareholder claim here. Let's just settle it now to avoid lengthy court proceedings and get you guys back on track. The parties then agreed on a figure and filed for settlement approval. It was seamless and Vocus continues to trade and is going great guns.
Nothing is ever going to be a carbon copy of that, but it feels like this would be the most pragmatic approach in this instance too.
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