The Centro class action was briefly adjourned so lawyers for former company auditor PricewaterhouseCoopers could reassess its line of argument following an explosive warning by Judge Michelle Gordon on how the case was being run. PwC’s lawyers, Richard McHugh SC and King & Wood Mallesons, were warned on Monday that they could be found personally liable for arguments that wasted the court’s time.
via PwC lawyers warned on tactics in Centro case — The Australian
[...] claimed that lead partner Stephen Cougle was “the auditor”, not PwC the firm, for purposes of the actual audit opinion. The PwC lawyers also argued that the client was Centro, [...]