Multiplex get ‘sued’ over Wembley debacle

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18th, December 2006

Wembley_10 With Price Harry and Wills announcing a concert for their mum, Princess Diana (deceased) at Wembley stadium, you can’t help but imagine Sir Elton John taking to the stage surrounded by men in hard hats still putting the roof on or something. Well, funny I should mention that, because the hold up has resulted in a bit of legal action.

The Australian developer of Wembley Stadium , Multiplex, is getting it’s arse royally sued the shareholders.
A law firm called Maurice Blackburn Cashman have apparently lodged ‘a class action’
for 100m Australian dollars (£40m, $78m) on behalf of Multiplex
shareholders.
The firm claims Multiplex failed to keep shareholders fully informed
about problems it was having with Wembley.

Of course, Multiplex aren’t having any of that, and have said that no proceedings have been served so
far.
Multiplex announced the project was making a loss in May 2005, but reports claim that the firm was behind schedule and incurred cost
overruns by August 2004.
This legal action business comprises of 45 investors ranging from large
institutions to small shareholders and Maurice

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