ACA Lawyers is finalising its investigation into a proposed shareholder class action against embattled law firm, Slater and Gordon and intends to commence proceedings.
Funding for the investigation is being provided by JustKapital Litigation Finance, a listed Australian funder, and London based Woodsford Litigation Funding.
ACA Lawyers was the first firm to announce a potential class action against the publicly listed law firm on 18 December last year.
ACA Lawyers’ investigation has identified potential misconduct by Slater and Gordon prior to its April 2015 capital raising, going as far back as the release of its 2014 full year results.
Bruce Clarke, principal of ACA, said in light of the extraordinary developments since April 2015, the firm has been investigating Slater and Gordon’s conduct back over several years.
“It is important we ensure we identify all losses suffered by shareholders that may be the result of Slater and Gordon’s misconduct,” Mr Clarke said.
“We are taking the time to ensure we make the strongest case possible to recover the maximum possible losses on behalf of Slater and Gordon shareholders.
“We are acting for all affected shareholders, being anyone who purchased shares after the release of the 2014 full year results on 12 August 2014 and prior to the release of the 2016 half year results.”
The claim period for any class action brought against Slater and Gordon by ACA Lawyers may run from 12 August 2014 to 28 February 2016.
Investors who purchased Slater and Gordon shares between 12 August 2014 and 28 February 2016, including those who took up shares in the rights issue announced on 30 March 2015, can still register their interest at www.acalawyers.com.au/slater-gordon or contact ACA Lawyers by email at firstname.lastname@example.org.
Media Contact: Bruce Clarke +61 2 9216 9898