Centro Settlement Worth $200m

 

Unitholders may be interested to hear that the long-running dispute against Centro has today been reported as being settled for $200m.  It has been reported that Centro, its directors and auditor (PricewaterhouseCoopers) will fund the proposed settlement.  The Prime Trust Action Group notes that some of the issues canvassed in the Centro dispute may apply to any similar action that may be initiated in respect of Prime Trust.  Further information about the Centro matter is available from the link below:

 

http://www.smh.com.au

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