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Shark bites shark: Publicly-traded law firm on receiving end of securities class action

Bruce Carton | December 9, 2016

In December 2015, I wrote here about the extreme difficulties that Australian plaintiffs' law firm Slater & Gordon -- the world’s first publicly-traded law firm -- was experiencing. Ominously, other rival plaintiffs' law firms were then reportedly "monitoring the chaos to decide whether there is a case for a shareholder class action against the company." I wondered: might the traditions of professional courtesy between lawyers save Slater & Gordon from actually being on the receiving end of a securities class action? 
Nope! Shortly after I wrote about Slater & Gordon in December 2015, the stock price plunged even further. On Feb 29, 2016, following the company's release of poor earnings...

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