02-12-2014 19:24 via insuranceinsider.com

Quindell seeks damages following Gotham suit

Embattled UK insurance outsourcing firm Quindell appeared in the UK
High Court last month to demand defamation damages from Gotham City
Research LLC.
Gotham, a secretive research company, published a report in
April that led to over £900mn being wiped off the firm's
AIM-listed share price in one day. It is thought to have profited
from the fall in Quindell's share price.
Quindell immediately sued for defamation in the UK and won
judgment after Gotham declined to submit a defence....
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