Law firm prepares class action against Quindell

Quindell, the troubled law practice which is listed in the UK, now looks likely to be on the receiving end of a class action from Your Legal Friend.com.

Listed company Quindell has had a number of issues in 2014 bluebay

YourLegalFriend has posted a call to potential claimants on its website. The move follows major difficulties at Quindell which has seen its share price slide this year and the departure of its founder after controversial capital transactions. 

Negligence

YourLegalFriend says to potential clients: 'If you’ve lost money on your investment in Quindell, then you may have a claim for professional negligence against the Quindell board and its advisors.' It then explains that investors would need to have suffered a measurable loss on their investments and relied on statements from Quindell. Source: YourLegalFriend

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