Slater & Gordon Posts $683 Million Loss on U.K. Unit Writedown

  • Shares slump as much as 43% as firm unveils first-half results
  • Legal firm working with banks on restructure proposal

Slater & Gordon Ltd., the world’s first publicly listed law firm, posted a A$958.3 million ($683 million) first-half loss as it wrote down the value of a U.K. business it bought last year. Its shares slumped.

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