C&W faces new lawsuit

28 Jan 2003

Meanwhile, Cable and Wireless is facing the threat of a new lawsuit alleging that it made false statements about its finances by failing to disclose a potential tax liability of GBP1.5 billion relating to the sale of its mobile arm One2One two years ago. The companies filing the suit are class action specialists Milberg Weiss Bershad Hynes & Lyrach and UK group Class Law.