Most companies set aside some money as contingency for...

Most companies set aside some money as contingency for litigation.

Given the scale of the claim, not sure whether CER/CNP have done so.

I'm not 100% sure if CER's insurance would cover losses of this nature.

Defabster - would you know from the financials?

I imagine the auditors will also be found to be partially liable.

I expect that this matter will settle out of court in a confidential settlement.

I hope that the end result is the auditors bear the brunt of the blame, as the insurance companies will pay this in any case.

In any event, I do not expect CER to be too out of pocket (apart from legal fees) from this class action.

DYOR