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.
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 âwithin a bullâs roarâ of showing the accounting firm’s discovery was inadequate.
Ernst & Young has won a bid to throw out a subpoena probing whether its conflict-of-interest protocols were followed in a lawsuit against mining equipment company PPK, with a judge dismissing the summons as a fishing expedition.
A judge has approved a 40 per cent group costs order for the law firm that’s running a class action against KPMG and former directors of collapsed mining company Arrium, the highest approved since the state began allowing lawyers to earn a cut of class action awards.
Accounting giant KPMG has resolved a lawsuit brought by a principal director who alleged he was told to “change and adjust” to “belittling” attacks by a partner on the debt advisory team.
Deloitte and Noumi, formerly known as Freedom Foods, have pointed the finger at one another in a consolidated shareholder class action, with the accounting giant saying the food company made misleading representations in its financial reports and should be on the hook for its costs in defending the lawsuit.
A former Deloitte director accused of embezzling $3.1 million has agreed to court orders that he repay the money and hand over title to all assets — including almost 100 works of art — purchased with the alleged misappropriated funds.
Deloitte has secured a freezing order on the assets and bank accounts of a director accused of stealing funds from the consulting giant, in what a judge has described as an alleged “remarkable fraud”.
Another auditor has landed in hot water over collapsed video company Big Unâs 2017 independent audit, with the lead accountant charged with making a false or misleading statement.
Advice from non-lawyers and “routed” through a legal practitioner at multidisciplinary partnership PricewaterhouseCoopers cannot be shielded under legal professional privilege, the Federal Court has found.