Interesting post, and from the WSJ.
The variation is in the Centro case investors claim they lost as a direct result of the incorrect classification of debt.
Thus, the consequence and magnitude of their loss I feel will be the debateable item, not the misleading of investors.
The second question is who misled the shareholders. PWC or Centro. Other action has been lodged on this question and finger pointing is on its' way.
Interestingly does anyone know when the day in court is on this and the ASIC action against the directors?
Or are we still in "talks".
Interesting post, and from the WSJ.The variation is in the...
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