According to The Guardian James Wareham, the legal representative of former director James Allen, confirmed that the directors would personally pay for part of the settlement, with a further $36m to be covered by directors’ liability insurance.
Although none of the directors involved were directly implicated in the Worldcom debacle, their settlement could see directors take on increasing accountability if they do not prevent matters from spiralling out of control.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016