Shine , Slater & Gordon pursuing civil claims against Cardinal Pell: Shine & Slater are ASX listed, continuous disclosure rules require public disclosure of consequences arising out of High Court's unanimous verdict quashing Pell's conviction

by Ganesh Sahathevan

                                          George Cardinal Pell



Class action law firms Shine and Slater and Gordon have indicated  that they will be pursuing civil claims against George Cardinal Pell and the Catholic Church on behalf of the victims of clergy sex abuse,


Shime and Slater are both ASX listed companies who make their money from taking a percentage on successful claims they fund themselves or which are funded externally. The High Court's unanimous decision acquitting Cardinal Pell of all charges will have consequences for the civil actions against Pell and the Catholic Church that both firms have advertised publicly over the past three or more years.

Having held out to shareholders and prospective investors  the prospect of a share in the  millions if not hundreds of millions in successful claims against Pell and the Church , both firms must now inform the market what consequences the High Court's unanimous decision will have on those proposed actions.



Shine Justice Ltd
ASX: SHJ
0.74 AUD −0.0050 
8 Apr, 1:02 pm AEST · Disclaimer



Open0.71
High0.74
Low0.70
Mkt cap127.35M
P/E ratio6.34
Div yield5.44%
Prev close0.74
52-wk high1.02
52-wk low0.60






Slater & Gordon Limited
ASX: SGH


0.48 AUD −0.025 
8 Apr, 1:32 pm AEST · Disclaimer



Open0.51
High0.51
Low0.47
Mkt cap65.75M
P/E ratio1.01
Div yield-
Prev close0.50
52-wk high1.82
52-wk low0.47


END



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