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View article May 26, 2009 (The Australian Financial Review -...

  1. mathowa
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    27/05/09
    13:37
    Post #: 5209900
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    May 26, 2009 (The Australian Financial Review - ABIX via COMTEX) -- CEOPF | Quote | Chart | News | PowerRating -- The accounting sector will be apprehensive about Centro Properties Group's plan to lodge a cross-claim against auditor PricewaterhouseCoopers. The shopping centre owner is defending itself against a $A1 billion class action. The cross-claim rests on the principle of "proportionate liability", which has only been used fairly recently in Australian litigation.
    CNP Price at posting: 9.0¢ Sentiment: None Disclosure: Held
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