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A shareholders class action is much like two people jumping out of an aeroplane, and then setting about one another with baseball bats to determine whose fault it is that they have not got parachutes. They both end up bruised and battered and hit the ground very hard.
Anyone who bought shares in S+G at the time leading up to the Quindell purchase can only blame themselves for not having read the criticisms of that transaction that were in the press for all to see.
After the purchase the share price hung in mid air, like a cartoon character that has run off a cliff, until gravity took over in mid June 2015. Any one who did not sell their shares before that has only themselves to blame.
Any one who bought S+G shares after the Quindell purchase can blame their psychiatrist.