Quindell to face legal action over profit statements
The alleged misleading profit statements provided by Quindell, the firm that sold its legal services business to Slater & Gordon, is the basis of legal action from hundreds of shareholders who believe they have lost money. Law firm Your Legal Friend has written to Quindell advising that it intends to start proceedings with potential claims against the company of £9 million (around AU$18 million.) The announcement was revealed to the London Stock Exchange.
class action by SGH shareholders against quindell??
SGH Price at posting:
$2.87 Sentiment: Buy Disclosure: Held