CER has no employees and from what I can see never has.
See p26 of the current Annual Report and the original CER/CSF merger docs which outline the relationships between the two entities. In summary, CER is a very boring owner and landlord of real property assets, managed by CNP.
The two class actions underway (Maurice Blackburn / Slater & Gordon) commenced in 2008 and are now closed to new entrants. This means the employees who aren't part of these will have to find a law firm who will take on the case AND a litigation funder to stump up the dollars. Even if this does happen, the judge will almost certainly look to roll the matter into the current actions underway. This is going to be an uphill struggle.
A story like this sells newspapers and makes good television.
CER Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
