All, Michael Goerner is the head of their own white label...

All, Michael Goerner is the head of their own white label product which by definition is in direct competition to all other lender products (resi mortgages) on their panel.

Any 'forced acquisition / buyout' while good for LFG, appropriate measures will need to be taken to minimise any attrition rate of Brokers up and leaving and going to AFG / Loanmarket etc...

Regardless of the courts ruling Lees and Haron (specifically Haron) have a very loyal following - in the early days a lot of Brokers followed Haron from FAST to Connective. Yes am aware that the judgement also prevents both from being directors but there will be a loyal bunch that will up and jump ship for no other reason than Haron is no longer there.

Will be interesting to see if (a) LFG actually pursue the purchase - what happens if they don't? and (b) as Roosterboy pointed out it is an additional revenue stream through a subsidiary however will have little impact on the core business of LFG which is 'lending' as Brokers will not use them just because they might be the parent company.