CER centro retail group

financials ok, now 4 the potential litigation, page-4

  1. 8,120 Posts.
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    Bendigo Bank,

    "Paradoxically if these actions are successful and the Centro group is forced to make untimely sales of assets, it could further destroy the very shareholder value the disgruntled group of shareholders is complaining about in the first place."

    Correct, but that will not be a consideration that the Plaintiffs will take into account given the amount of assest of CER and CNP.


    "The lawyers don't care as they are looking at their fee$$$$$$$"

    Partially correct, there are such things as contingency fee agreements, and while we do not know if that is the case here the Lawyers may not get paid if they dont win. also the Law makes Lawyers liable for actions that have no substance and may order the lawyer to pay all the costs

    "This could drag on for quite some time and will of course have a negative effect on the share price until it is eventually resolved".

    I agree, but that is the commercial world
    Some of you with a better understanding of the legal aspects of this may care to comment.'

    CB
 
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