Ahold shareholders hit by the food giant’s accounting scandal in 2003 are suing Deloitte for hundreds of millions of euros in damages
Accountancy Age, 27 Nov 2007
Deloitte, which was Ahold’s accountants when its accounting scandal struck in 2003, could be facing a damages suit worth hundreds of millions of euros, Ahold shareholders said this week.
The shareholders are also putting a claim against Cues van Heaven, former Ahold chief executive.
SOBI, a Dutch independent financial markets watchdog, said the current claim comes after a previous damages claim by the shareholders failed.
SOBI's Pieter Lakeman has agreed to prepare another round of claims after shareholders approached him for assistance.
In March, the Dutch disciplinary council for registered accountants ruled Deloitte 'seriously failed' in its supervision of Ahold's US Foodservice. The Netherlands' Royal Institute for Registered Accountants confirmed the ruling.
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