Linchpin Capital liquidators have resolved their case against Grant Thornton and Moore Stephens, a year after a court found the evidence on its face established a claim against the auditors.
A judge has found that a case brought by the liquidators of investment firm Linchpin Capital against auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly misused investor money has legs.
The liquidators of construction giant Ralan have been given the go-ahead to pursue a former sales manager and his wife as well as the ATO with claims worth over $18 million, with a judge finding the collapsed company operated “a type of Ponzi scheme”.
Mining company Quantum Graphite has filed proceedings against accounting firm Grant Thornton over a 2020 report that caused the Australian Stock Exchange to suspend trading in the mining company’s securities for 14 months.
Grant Thornton can’t dodge a “significant” counterclaim accusing the accounting firm of charging for “unnecessary and pointless” work in a case against a former client over $119,000 in unpaid fees.
The Australian unit of Greensill Capital is heading for liquidation owing creditors in excess of $1.75 billion, administrators revealed Friday.
Greensill Capital UK filed for insolvency in a London court on Monday after losing insurance coverage for $4.6 billion in client loans.