re: News: Slater & Gordon Limited - ASX Small... An article i came across
Legal eye on broker
Ben Butler
November 5, 2011
LISTED law company Slater & Gordon has flagged a potential class action against failed broker MF Global if it emerges that clients have lost out as a result of the collapse.
In a statement on its website, Slater & Gordon said it already represented clients of Melbourne shadow broker Sonray, which used MF Global to execute trades before its collapse last year.
But a spokesman for Sonray's liquidator, Ferrier Hodgson, said the company had no exposure to MF Global.
Advertisement: Story continues below
Sonray's 3500 clients are set to receive up to 69¢ in the dollar under a $38 million deal Ferrier Hodgson struck with Saxo Bank, which provided Sonray's trading platform, and HLB Mann Judd, the company's auditor.
The deal is in jeopardy, with the Deague family, owed at least $1.5 million, refusing to sign releases agreeing not to pursue legal claims against Saxo Bank and HLB Mann Judd.
MF Global's collapse on Monday threw Australian futures markets into chaos. The company controlled more than 60 per cent of the small grain and wheat markets, causing them to be suspended for a day.
The ASX has also suspended 14 market participants that used MF Global to clear trades until they find new brokers.
Read more: http://www.theage.com.au/business/legal-eye-on-broker-20111104-1mzzw.html#ixzz1ct1k8rAT
re: News: Slater & Gordon Limited - ASX Small... An article i...
Add SGH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$46.39 |
Change
0.240(0.52%) |
Mkt cap ! $18.88B | |||
| Open | High | Low | Value | Volume |
| $45.85 | $46.50 | $45.85 | $8.952M | 193.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 343 | $46.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $46.49 | 1787 | 1 |
View Market Depth
| Last trade - 16.10pm 27/12/2024 (20 minute delay) ? |
| SGH (ASX) Chart |
