How about this one I mentioned last week. A very sad day story of course as mot PI claims are. The payout is huge though GBP4m which should equate to GBP1m fees to Slater.
The bottom line is I think interpretation of what is material is a grey area. Every week cases are settled in varying sizes. It is businesses as usual for a law firm not necessarily an out of the ordinary event.
Under normal circumstances I would like to see more announcement to trumpet these success but it has never been Slater's way [in good taste I might add]. In addition there is a news blackout from Slater currently [of course ASX rules override that if warranted].
I'm sure these high value cases are regarded as not warranting an ASX announcmenent under the guise of normal business operations.
SGH Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
