The lead plaintiffs in the action are the West Virginia Investment Management Board and State Universities Retirement System of Illinois.
UK group Class Law represents the UK investors in the class action filed in the West Virginia courts. Class Law believes the suit could set a precedent as it is one of the first times UK shareholders are involved in a US class action.
The suit alleges C&W failed to disclose a potential a £1.5bn tax liability on its sale of One2One and ‘billions of dollars worth of property lease commitments’.
Plaintiffs seek compensation for losses on investments in C&W.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars