Login
Emma Musgrave
Slater and Gordon has responded to Maurice Blackburn Lawyers’ recent filing of a $250 million class action, saying it has engaged external legal advisers and will “vigorously defend the claim”.
Slater and Gordon has responded to Maurice Blackburn Lawyers’ recent filing of a $250 million class action, saying it has engaged external legal advisers and will “vigorously defend the claim”.
In an ASX market update yesterday, Slater and Gordon confirmed it had been served with a class action by Maurice Blackburn.
“Maurice Blackburn, one of Slater and Gordon’s major competitors, is acting for the class.”
Slater and Gordon said it will “closely analyse” and “vigorously defend” the claim, and has engaged Arnold Bloch to assist in its defence.
The update said shareholder class actions typically take two to three years to reach a final hearing.
“Slater and Gordon has engaged external legal advisers to act for it and will vigorously defend the claim,” Slater and Gordon group managing director Andrew Grech said.
“The class action will not affect the day-to-day conduct of Slater and Gordon’s client matters. Our clients can rest assured that Slater and Gordon and its lawyers will continue to work hard to offer them access to affordable, world class legal services.
“Our managing team will remain focused on executing our performance improvement program across the business to improve profitability and cash flow and reduce debt, in line with previous announcements made by Slater and Gordon.”
Earlier this week, ACA Lawyers announced it was finalising its investigation into a proposed shareholder class action against Slater and Gordon, saying intended to commence proceedings.
Slater and Gordon has not yet provided any comment in regards to these latest plans by ACA Lawyers.
We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
