PracticeAuditE&Y facing legal challenge from truckmaker

E&Y facing legal challenge from truckmaker

US truckmaker appeals against ruling firm was not liable for audit work at British truck manufacturer, ERF

Ernst & Young is facing the threat of a major legal battle after
Freightliner, the world’s biggest
truckmaker, launched an appeal against a High Court decision, which ruled in
favour of the Big Four firm over audit work done at
British
truckmaker ERF
,

According to the Financial Times, the appeal stems from the
long-running legal claim brought by
Germany’s MAN against
Freightliner, in which MAN has alleged it was fraudulently induced to purchase
ERF from Canada’s Western Star, another truckmaker that merged into
Freightliner.

Freightliner is part of the DaimlerChrysler group.

Further reading:

Truck group wins claim on bad sale

E&Y facing fresh £300m negligence claim

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