The Australian law firm that bought Quindell’s legal business in a disastrous £637m deal has claimed that the controversial British company misled it over the prospects of the personal injury cases on the books.
Slater & Gordon was crippled by the ill-fated 2015 acquisition and earlier this month served Watchstone, as Quindell is now known, with a High Court claim seeking to recoup all of the money it spent.
Court documents obtained by The Telegraph show that central to Slater & Gordon’s lawsuit is an allegation that Quindell made fraudulent misrepresentations about the dilution rates at its so-called professional services division (PSD).
Dodgy, dodgy, all the way through.