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    Deloitte in High Court over reinsurance claim

    Deloitte in High Court over reinsurance claim

    Firm facing $22m (?11m) legal action

    Author Date published May 6, 2007 Categories

    Deloitte will appear in the High Court this week to defend a $22m (?11m)
    legal action brought against it by ESG Re,
    the Bermuda-registered insurance giant.

    ESG Re is suing three Deloitte firms, including
    Deloitte
    (Ireland).

    The insurance company claims that the three Deloitte firms were negligent and
    in breach of their duties when they provided accountancy services to the
    reinsurance company.

    It is claiming that it experienced a significant loss of business and is
    seeking compensation in the High Court in Dublin.

    ESG Re is also suing Deloitte (US), and Deloitte (Bermuda).

    All three entities have signalled to the court that they intend to defend the
    action.

    The case is scheduled to begin on Tuesday and is expected to last up to ten
    weeks.

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