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Pitcher Partners looks to shut down $128M Twigg family lawsuit
Professional Negligence 2022-07-22 8:48 pm By Cindy Cameronne

Accounting firm Pitcher Partners wants to shut down a lawsuit brought by the Twigg family alleging it helped race car driver Max Twigg misappropriate $127.8 million in family trust money for himself.

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Barrister cites finding that PwC used ‘postbox’ lawyer in Noumi class action privilege spat
Class Actions 2022-07-19 4:18 pm By Sam Matthews

A fight over a global privilege claim by Noumi has been foreshadowed in a consolidated shareholder class action against the food company, formerly Freedom Foods.

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Noumi fires back at Deloitte cross-claims in class action over $590M write-down
Class Actions 2022-07-12 7:42 pm By Sam Matthews

In the latest round of finger-pointing in a consolidated shareholder class action against Noumi, formerly Freedom Foods, the food company has taken aim at Deloitte’s claims that it gave the accounting firm misleading information.

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ASIC can’t access PwC report at centre of privilege fight with Terracom
Energy & Natural Resources 2022-06-28 11:10 pm By Christine Caulfield

A judge has rejected a bid by the corporate regulator to access an unredacted PricewaterhouseCoopers report commissioned by coal miner TerraCom ahead of a challenge to a decision that cleared the way for the regulator to eye the document as part of an investigation.

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‘Where are our rights?’: ASIC wants to be heard in privilege row over PwC report
Energy & Natural Resources 2022-06-27 2:57 pm By Sam Matthews

ASIC has renewed its bid to see a PricewaterhouseCoopers report commissioned by TerraCom in order to defend the coal mining company’s appeal of a judgment that found the regulator could view the report because of public statements made by the company.

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EY settles class action claims over Slater & Gordon audits
Class Actions 2022-05-26 10:49 pm By Cat Fredenburgh

Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm’s disastrous $1.2 billion acquisition of UK insurance claims company Quindell.

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Twigg family sues Pitcher Partners for $127M
Financial Services 2022-05-25 6:54 pm By Cindy Cameronne

The Twigg family has hit accounting firm Pitcher Partners with a lawsuit claiming it helped Max Twigg, race car driver and former owner of the Byron Bay Hotel, misappropriate $127.8 million in family trust money for himself.

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KPMG takes Arrium class action venue battle to High Court
Class Actions 2022-05-13 1:33 pm By Christine Caulfield

A fight over the venue for a class action against KPMG by investors in the collapsed mining company Arrium has been taken to the High Court, and at the centre of the battle is a contingency fee order made in the case.

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PwC sued over advice on $88M sale of Hudson Pacific to Retail Food Group
Financial Services 2022-05-12 5:59 pm By Cat Fredenburgh

The founder of wholesale food company Hudson Pacific has sued PricewaterhouseCoopers for allegedly providing bad advice on the terms of the $88 million sale of his business to Retail Food Group in 2016.

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‘Just a fishing expedition’: Quintis class action can’t see EY meeting docs
Class Actions 2022-05-05 4:45 pm By Cindy Cameronne

Shareholders bringing a class action against Quintis have lost their bid for Ernst & Young to hand over documents from two meetings with a director of the sandalwood supplier, after a judge found they did not get “within a bull’s roar” of showing the accounting firm’s discovery was inadequate.

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