Centro In Court Over $1bn Class Action |
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Centro Properties is fighting a $1 billion-plus joint class actions launched by disgruntled investors who bought in when the stock was riding high, only to find it was near collapse.
IMF said its claims related to alleged misleading and deceptive conduct and breaches by Centro Properties of its continuous disclosure obligations between August 9, 2007, and February 15, 2008, and on April 30, 2008.
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