Shareholders of Elders have approached law firm Slater & Gordon asking it to investigate a possible class action against the agribusiness.

The shareholders are to cite poor disclosure and big falls in Elders’s share price.

Litigation funder Comprehensive Legal Funding LLC will fund the investigation by Slater & Gordon, the law firm said in a statement today.

Shares in Elders have dropped 56 per cent this week, Slater & Gordon lawyer James Higgins said.

Shareholders are tired of Elders’ poor governance and its poor history of disclosure, he added.

“Shareholders are understandably angry and have approached us about a shareholder class action,” Mr Higgins said. “We will begin the investigation immediately.”

(Source: TheAustralian.com.au)