Baker Tilly facing legal threat

Mid-tier firm Baker Tilly could face legal action from the shareholders of
online gaming company Betonsports, The Guardian has reported.

The paper reported that Betonsports shareholders are considering taking legal
action against the firm (which acted as auditor and accountant) and Evolution
Securities, which acted as an adviser.

The possible legal action relates to the decision not to reveal the history
of Betonsports founder Gary Kaplan, which was not included in the company’s
offer document issued when the company listed on the LSE two years ago.

Betonsports’ representatives have insisted that Kaplan was not a director of
the company, so it was under no obligation to detail his past.

Kaplan is wanted by the US Department of Justice and facing possible charges
of fraud and racketeering.

Both Baker Tilly and Evolution Securities have said they supplied all the
information that was required of them to the relevant listing authorities.

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