pounds 150m PW case opens

Wednesday 14 January 1998 00:02 GMT

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pounds 150m PW case opens

Bank Austria, one of Europe's biggest banks, opened its claim for almost pounds 150m in damages against Price Waterhouse in the High Court in London yesterday. The case, which is expected to last at least 12 weeks, alleges that PW failed to spot serious problems at Sovereign Leasing, a UK leasing company in which it acquired a majority stake in 1990.

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