Slater & Gordon Limited
(ASX:SGH) has started investigating the collapse of building services company Hastie Group.
Hastie Group went into voluntary administration in May 2012 with more than half a billion dollars in debt and leaving 2,700 people without employment.
The listed law firm says it has been approached by dozens of affected shareholders and employees since the collapse and has started looking into potential claims to recover losses.
While no legal action has as yet been filed Slater & Gordon advises the potential claims are against Hastie Group’s directors, auditor and professional advisors.
Hastie Group’s stock climbed to a high of more than $40 in its seven years as a company listed on the Australian Securities Exchange (ASX) and last traded at $0.16.
Slater & Gordon reported a net profit of almost $25 million in the 2012 financial year.
