Listed law firm Slater & Gordon is facing a class action that is $100 million bigger than its market cap, but it is unlikely to drive the law firm to insolvency, says Maurice Blackburn.
On Wednesday, Maurice Blackburn filed a $250 million class action on behalf of more than 3000 shareholders, including over 80 institutional investors and super funds. The action is backed by litigation funder International Litigation Partners.
Slater & Gordon said on Wednesday it has not yet been served with the class action claim and w…
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