Deloitte firms face lawsuit

Deloitte firms face lawsuit

Irish, US and Bermuda practices sued

A Dublin insurance company is suing Deloitte for £34m claiming three of its
practise were negligent and in breach of their duties to provide accounting
services.

The company, ESG Re, a reinsurance specialist, is suing Deloitte &
Touche (Ireland), Deloitte & Touche LLP (US firm) and Deloitte & Touche
(Bermuda)

The firm will appear in the Commercial Court in Dublin, a division of the
High Court this week to defend its actions.

ESG Re is registered in Bermuda, but its primary subsidiary is in the
International Financial Services Centre (IFSC) in Dublin.

The company claims to be a provider of re-insurance and direct insurance
services to insurers and financial institutions throughout the world.

Deloitte was auditor of ESG Re up until its resignation in November 2002.

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