Here’s what the Daily Telegraph in the UK are saying
The Australian law firm crippled by its £637m deal to buy the bulk of Quindell is launching a lawsuit against the rump of the scandal-hit British company.
Slater & Gordon has warned Watchstone, as Quindell is now called, that it “intends to bring claims” against it following the calamitous acquisition, sending shares in the Aim-listed business plunging 12.4pc to 189.25p. Watchstone had been due at the end of November to receive £50m that had been held in an escrow account since the Slater & Gordon deal, but the looming legal battle could result in the money being clawed back by the law firm.
Watchstone said that it “does not believe there are grounds for a claim to be brought and will defend it robustly”.
Full report at link below
