Watchstone said it did not believe “there are grounds for a claim to be brought” and would “defend it robustly” Stefan Rousseau/PASlater & Gordon, the listed Australian law firm, is to sue over the disastrous UK acquisition that help push it to a $A1.02 billion full-year loss. The company has told Watchstone Group, formerly Quindell, that it intends to bring claims against it relating to the purchase of Quindell’s professional services division last year. Watchstone said it did not believe “there are grounds for a claim to be brought” and would “defend it robustly”. It said it had conducted a professional and transparent disposal process of the division and that it had allowed Slater & Gordon to do “extensive and detailed”…

Source: The Times September 19, 2016 07:52 UTC