Ann: SGH advises Watchstone Group Plc of claim under SPA-SGH.AX, page-213

caveat emptor is out the window - it's why you have warranties so a buyer doesn't have to carry out every conceivable and possible enquiry. Despite SGH doing their own due diligence warranties were still given. There must be an underlying reason. Not necessarily limited to or restricted to NIHL outcomes could be broader matters related to accounting issues ...... or matters related to concerns that were known in the market place ..... What we don't know is what the warranties say. They can be strict and difficult to fend off any action brought on the back of them but it's all in the wording of the warranties. Liability can be greater than the amount held in escrow. Even if that is distributed it doesn't defeat a warranty claim. Could potentially see injunctive action if escrow monies are intended to be distributed .... could be an interesting couple of months.