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Crown hasn’t reviewed China disaster because of ‘legal risk’, says Coonan – Sydney Morning Herald

Crown chairman Helen Coonan said red flags that it was risky for Crown staff to remain in China were never raised to the board.

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But Ms Coonan, who has been a Crown director for 10 years and chairwoman since January, said the company had not conducted a review because of legal advice it could compromise its defence in the class action. Crown shareholders are seeking compensation for at least $100 million they say they lost when Crown’s share price collapsed after the 2016 arrests. She said Crown also did not want to overlap with the ILGA inquiry or a separate probe by the Victorian regulator into the incident.
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