Quindell went through a series of difficult steps that affected its share price and saw the departure of its founder. The action against it has been launched by Liverpool-based law firm Your Legal Friend, which says that it has been contacted by about 500 potential claimants.
Potential claims
Regarding the notice, Quindell said: 'Whilst the company is not in a position to verify the assertions in the notice (as no claim has been received as yet), the notice estimates the value of the potential claims against the company to be a maximum value of approximately £9m before costs (if awarded)'. Source: Legal Business
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