Oct 12 Australia’s No. 1 class action law firm Slater & Gordon Ltd is facing a class action of its own after a rival firm said it will file suit on Wednesday seeking at least A$250 million ($190 million) over alleged failings in Slater & Gordon’s stock market disclosure.
Law firm Maurice Blackburn said in a statement it will represent more than 3,000 shareholders, including pension funds and institutional investors, in a case it will file with the Federal Court against Melbourne-based company Slater & Gordon on Wednesday. Shares in Slater & Gordon fell 7 percent following the announcement of the suit.
via Australian class action firm Slater & Gordon faces own $190 mln class action suit | Reuters
