SGH is a mess - what a disappointment, page-29

BusinessDay understands the initial deal put forward by Arnold Bloch Leibler and investment bank Moelis has not yet won over the group's bankers, but talks are continuing.

Sources said the deal had been structured in a way to snuff out the impact of a $100 million-plus class action by restricting the assets that can been called upon in a settlement or court-awarded damages claims to the company's insurance.

The plan is expected to take the shape of a debt for equity swap that would see its lenders take up shares in the entity, which has been financially struggling for more than a year.

http://www.smh.com.au/business/slater-and-gordon-domestic-revenue-down-20170215-gue0zr.html