Shareholders in Slater and Gordon have reached a $36.5 million settlement with the beleaguered law firm, a move that will pave the way for the group’s restructure.
Slater and Gordon’s insurers will tip in $32.5 million of the settlement while the hedge funds that hold the debt in the group, which will be swapped for equity through the restructure, will contribute $4 million to the settlement.
ASX winners and losers – a snapshot
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