Milford Asset has funds invested in beleaguered Australian law firm Slater & Gordon

Tue, 30 Jun 2015

By Fiona Rotherham June 30 (BusinessDesk) - Several Milford Asset Management funds are invested in beleaguered Australian law firm Slater & Gordon, whose share price dropped 25 percent yesterday after it said errors had been uncovered in the financial reporting of historical cash flow at its UK business. The ASX-listed law firm is in the middle of a A$1.3 billion acquisition of UK-based Quindell Plc, whose shares were suspended last week as regulators launched an investigation into that company’s accounting. The Australian Securities & In...

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