We don't know this. What we do always know is that CNP and CER are very careful and crafty with the wording of their announcements.
From memory I thought mediation was scheduled for June/July and the more I think about it probably July.
The counter-claim is specifically about risk management. This is teh case whether misleading financials are covered by insurance or not. The insurance claim is the last resort after the case is lost and mediation is unsuccessful (hypothetically).
The market will undoubtedly put an eventual negative spin on this as an admission of guilt etc as Aras pointed out. Whether you agree with this or not, it is innevitable.
Either way, the counter-claim does not necessarily indicate that mediation has concluded.
CER Price at posting:
8.9¢ Sentiment: None Disclosure: Held
