ASX Shareholder Claims

Registry

Victoria Registry, Federal Court of Australia (VID1010/2019).

Date of Filing

13 September 2019.

File Title

Matthew Hall v Arnold Bloch Leibler (A Firm).

Presiding Judge

Justice Middleton.

Solicitors for Applicant

Maurice Blackburn Lawyers.

Solicitors for Respondent

Norton Rose Fulbright Australia.

Funder

Unknown.

Claim Overview

Arnold Bloch Leibler (ABL) acted as legal due diligence advisor to Slater and Gordon (SGH) in relation to the Entitlement Offer that was used to raise capital from SGH shareholders to finance the acquisition in the United Kingdom of the Professional Services Division from Quindell plc. The statement of claim filed alleges that ABL acted negligently in providing advice to SGH and failed to ensure that the documents published by SGH in relation to the Entitlement Offer were not misleading or deceptive.

The ABL Class Action is likely to be heard with the proceedings against Pitcher Partners (Pitcher Partners – Auditors of Slater & Gordon).

Class Members

Shareholders who acquired shares in SGH between 30 March 2015 and 25 November 2015.

Capacity to Join

Both the ABL Class Action and the Pitcher Partners Class Action have been commenced on an “open class” basis.

Current Status

Next case management hearing listed for 28 February 2020.