Your Legal Friend brings £9m shareholder group action against Quindell

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Liverpool-based law firm Your Legal Friend, formerly known as Camps Solicitors, has launched a shareholder group action against Quindell under the Financial Services and Markets Act 2000 (FSMA), following the £312m swing from profit to loss in its professional services division (PSD).

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SFO opens investigation into Quindell as company revises 2014 legal profits down by £312m

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The Serious Fraud Office (SFO) has confirmed that it is investigating Quindell’s ‘business and accounting practices’ as the company published revised annual accounts for 2014 showing a £312m swing from profit to loss in its Professional Services Division (PSD).

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Quindell suspends shares as financial watchdog launches probe into company accounts

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The Financial Conduct Authority (FCA) has confirmed it has launched an investigation into professional services company Quindell, looking at public statements made regarding the company’s 2013/14 financial accounts – covering the period it owned a raft of legal brands.

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Guest post: Tiger, Plant, Freshfields and the Short Sellers – a look at legal ethics in ABS-owner Quindell’s woes

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Charles Plant, outgoing Chair of the SRA who has led the SRA through one of the more interesting phases in its relatively young life, had some interesting thoughts in a recent valedictory speech (at legal futures).  In particular, flat-earther comments aside, he is reported as having offered this:

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