The Financial Times apparently has concerns regarding the method the Quindell PLC (LON:QPP) (OTCMKTS:QUPPF)’s utilized for accruing for income.
Gotham first to question Quindell's accounting quality
First came the onslaught from Gotham Research, as reported in ValueWalk, that essentially questioned transactions between the firm’s CEO and related beneficial parties as well as the "quality" of Quindell PLC (LON:QPP) (OTCMKTS:QUPPF)’s accounting. The analysis from rogue upstart Gotham Research, whose identity was known to but a few Wall Street insiders.
Quindell defines itself as a professional services and digital solutions firm. A large portion of its revenues, however, derive from personal injury law.
To its credit, Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) is said to have automated and streamlined the injury claim decision making process, which is no...
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