ASIC responds to Herald Sun report on Slater & Gordon

The Herald Sun article of 27 November 2015 says ASIC has found an overvaluation of some of the assets arising from Slater & Gordon’s acquisition of businesses from Quindell plc. This is incorrect.

ASIC's enquiries on the financial reports of Slater & Gordon are ongoing. We have made no findings about Slater & Gordon's 2015 financial report or the value of the assets from the acquisitions from Quindell at this stage. We acknowledge Slater & Gordon's ongoing assistance in resolving our queries and we do not intend to make further comment until our enquiries are finalised.

John Price
Commissioner, ASIC