Accounting firm Pitcher Partners was āsolely responsibleā for giving allegedly negligent advice about Slater & Gordonās disastrous $1.2 billion Quindell acquisition ahead of the law firmās massive losses in 2016, Ernst & Young has argued at trial in a long-running class action by the firmās shareholders.
Accounting firms Pitcher Partners and Ernst & Young have blamed the lawyers who advised on Slater & Gordonās disastrous $1.2 Quindell acquisition for the its massive losses in 2016, saying they failed to point out the ācommercial misjudgmentā of agreeing to the deal.
Accounting firms EY and Pitcher Partners ignored āfront page newsā that Slater & Gordonās acquired business Quindell was scrutinised by a UK regulator after reporting a $250 million (Ā£137 million) loss, a court heard on the second day of trial in a class action by the law firmās shareholders.
Accounting firm Pitcher Partners gave faulty advice ahead of Slater & Gordon’s disastrous $1.2 billion Quindell acquisition that was responsible for $800 million in the businessā value ādisappearingā within six months, a court heard on the first day of trial in a long-running class action by the law firm’s shareholders.
An in-principle settlement has been reached with law firms Arnold Bloch Leibler and Slater & Gordon in a class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition.
Two class actions against Pitcher Partners and Arnold Bloch Leibler over advice given ahead of Slater & Gordon’s disastrous $1.2 billion Quindell acquisition will proceed to trial next month after mediation between the parties failed to resolve the cases.
EY has reached an in-principle settlement in a case brought by Melbourne-based joint venture Shepparton Partners Collective alleging the consulting giant was negligent, but the firm copped a dressing down from a judge on Thursday for asking him to keep its motion to toss the case on ice.
A dispute over redactions in books and records produced by defunct fund manager Blue Sky to a prospective class action applicant should be hashed out within the class action, a judge has found.
Consulting firm EY is facing legal action for allegedly making inaccurate and misleading statements ahead of the 2019 sale by Coca-Cola Amatil of its fruit processing business SPC.
Lex Greensill will need to pay tax on $58 million in capital gains, after losing a challenge to a tax assessment which included non-Australian gains from the sale of Greensill shares distributed to the founder of the collapsed collapsed UK-based supply-chain finance firm.