A former partner at accounting firm Pitcher Partners has told a court that he had issues working with Ernst & Young on an audit of law firm Slater & Gordon, calling the Big 4 firm “uncooperative”.
A judge has thrown out a lawsuit that argued the funding for a class action against two Queensland energy generators didn’t comply with new regulations targeting litigation funders, and said a landmark judgment that held class action funding agreements were managed investment schemes was conceptually incoherent and ripe for a Full Court challenge.
A former partner at accounting firm Pitcher Partners has testified during a shareholder class action trial that he should have questioned statements about the viability of Slater & Gordonâs $1.2 billion Quindell acquisition, but ran out of time because its audit of the firm went âoff the railsâ.
A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade âgentlyâ in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.
The lead applicant in a shareholder class action over Slater & Gordonâs disastrous $1.2 billion Quindell acquisition has said he might have âdumpedâ his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Youngâs allegedly faulty advice.
Accounting firm Pitcher Partners was âsolely responsibleâ for giving allegedly negligent advice about Slater & Gordonâs disastrous $1.2 billion Quindell acquisition ahead of the law firmâs massive losses in 2016, Ernst & Young has argued at trial in a long-running class action by the firmâs shareholders.
Forum Finance director Vincenzo Tesoriero wants to strike out Westpac’s claims against him and has told a court he too is a victim of alleged fraudster Bill Papas, having sunk up to $9 million in the company.
Accounting firms Pitcher Partners and Ernst & Young have blamed the lawyers who advised on Slater & Gordonâs disastrous $1.2 Quindell acquisition for the its massive losses in 2016, saying they failed to point out the âcommercial misjudgmentâ of agreeing to the deal.
Accounting firms EY and Pitcher Partners ignored âfront page newsâ that Slater & Gordonâs acquired business Quindell was scrutinised by a UK regulator after reporting a $250 million (ÂŁ137 million) loss, a court heard on the second day of trial in a class action by the law firmâs shareholders.
JPMorgan bigwigs who are key witnesses for the prosecution in its cartel case over ANZâs botched share placement in 2015 will be questioned by Citibank and Deutsche ahead of trial.