The firm, which this year finally concluded a court battle against Sir Elton after he claimed damages and interest of £14m, is seeking the rest of its costs plus additional money on a so-called ‘indemnity basis’, Accountancy Age has learned.
Papers have been lodged with the Queen’s Bench Division of the High Court though a date for a hearing has yet to be made public.
In April last year Sir Elton lost his High Court action in which he alleged PwC had failed to inform him that he and his companies were bearing costs – estimated at around £7m – rather than his former manager John Reid.
June this year saw a rematch when Sir Elton moved his case to the Court of Appeal where he also lost.
Total costs for the case have been estimated at around £8m. PwC was awarded costs based on a standard formula but claiming expenses on an indemnity basis means the firm is looking for much more than was given in the original award.
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting
Richard Lewis has been appointed to the firm's restructuring and recovery services team