US lawyers called in by PwC to investigate Phones 4U
Quinn Emanuel Urquhart & Sullivan called in by Phones 4U administrators as part of the insolvency investigation
Quinn Emanuel Urquhart & Sullivan called in by Phones 4U administrators as part of the insolvency investigation
US LAWYERS have been recruited by PwC’s Phones 4U insolvency team as part of the process following the phone retailer’s collapse.
PwC’s Rob Hunt, Ian Green and Rob Moran have appointed Quinn Emanuel Urquhart & Sullivan as part of the investigation process following the insolvency of the phone retailer, reported Sky News.
The lawyers are expected to focus on the conduct of Phones 4U’s directors and those of the phone companies EE and Vodafone, the networks that pulled out of supplies to the retailer. There is currently no evidence of any breaches of duty by the directors.
Stores and concessions have been picked up or converted by Dixons Carphone, Vodafone UK and EE, saving 2,000 jobs – although 2,500 roles have been lost. Phones 4U collapsed into administration in September.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceCarillion has collapsed and PwC partners have been appointed as special managers by the High Court. What happens now? Read More...
View articlePwC must face $1bn lawsuit over claims it provided bad accounting advice which contributed to the 2011 collapse of MF Global Read More...
View articlePwC's business recovery services team has appointed four new partners across its London and regional practice, bringing its total number of partners t...
View articleMPs urg the FRC to widen scope of its investigation to cover previous years when PwC audited BHS financial statements and signed off the company accou...
View articleThe Financial Reporting Council has launched an investigation into the conduct of the Big Four firm in relation to its audit of BHS Read More...
View articleThe accountancy world has reacted to the news that the UK has voted to leave the EU Read More...
View articleThe latest edition of our 'Seven days in accountancy' quiz is here Read More...
View articleGreg Tufnell, brother of former England cricketer and TV personality Phil, is reportedly leading the bid by Richess Group to secure control of retail...
View article