Centro Properties Faces Another Class Action Lawsuit

The corporate giant Centro Properties faces another Class Action Law Suit at the Federal Court in Melbourn. The class action lawsuit has been filed by the Nicholas Vlachos, Monatex Pty Ltd and Ramon Franco. The Slate and Gordon will represent the lawsuit for Nicholas Vlachos, Monatex Pty Ltd and Ramon Franco.

The accused company Centro Prop on the other hand says it will fight vigorously and defend the group in the lawsuit.Centro will vigorously defend this proceeding in the interest of its securityholders,” company sources said.

The applicants are representative parties for persons who were not group members in the class action claim commenced against Centro Properties Ltd and CPT Manager Ltd by Maurice Blackburn on May 9, also in the Federal Court in Melbourne.

Source: The Sydney Moring Herald [news.smh.com.au/business/centro-prop-faces-another-class-action-20080526-2i72.html]

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