what eveyone is missing here.........., page-33

Possibly, imho S+G are Bottom Feeders, many others think likewise.

"Firms fund legal action against Slaters
MARCH 22, 20165:23PM
http://www.news.com.au/finance/busi...s/news-story/6ec2d94b0846539a5a2136d1427b79a8

Slater and Gordon is a step closer to being served with shareholder class action papers after JustKapital Litigation Partners and Woodsford Litigation Funding joined forces to fund proceedings against the embattled law firm.
JustKapital and Woodsford have agreed to the terms of a conditional funding agreement with ACA Lawyers to prosecute a class action against the listed-law firm on behalf of shareholders who have suffered losses.
ACA said on December 18 it was considering a class action against Slater and Gordon, but the additional support will give them more legal firepower.
Five days later, rival law firm Maurice Blackburn also flagged its plans to file a shareholder class action against the company.
Slater and Gordon is working on a restructuring proposal after booking a $814 million writedown on its UK operations last month.
The writedown led to the group recording a net loss of $958.3 million for the six months to December 31.
JustKapital executive chairman Philip Kapp said Tuesday that the claim may involve a number of UK-based institutional investors, who have suffered substantial financial losses as a result of Slater and Gordon's alleged misconduct.
Woodsford's location in London will complement JustKapital's connections within the Australian institutional investor community, Mr Kapp said in a statement.
The potential shareholder claims against Slater and Gordon will stem from statements issued by the company's board of directors in relation to earnings guidance in 2015.
As well as statements made during the group's $890 million capital raising, and its acquisition of the professional services divisions of Quindell for around $1.3 billion in 2015.
Slater and Gordon declined to comment.
Maurice Blackburn responded by spruiking its virtues.
"Shareholders in this case have a pretty clear choice - they can either register with Maurice Blackburn which has recovered more than $2 billion for clients and is clearly the nation's leading class actions law firm, or they can take their chances with another firm that has yet to recover $1 from an Australian class action." the company said.
Slater and Gordon - which became the first law firm to list on the Australian bourse in May 2007 - has lost almost 90 per cent of its $2.75 billion market value since April following its acquisition of Quindell.
Slater and Gordon shares closed 1.5 cents lower at 27 cents in a broadly flat Australian market.
Originally published as Firms fund legal action against Slaters"