Link: For more legal news
A judge yesterday refused to throw out claims brought against the firm by a DaimlerChrysler subsidiary, Freightliner. The US-based truck builder alleges that E&Y failed to follow up on tip-offs over fraud.
‘There are real issues to be tried and Freightliner has real prospects of success on each of its claims,’ said Mr Justice Cooke. E&Y said it would defend the claim vigorously.
The alleged fraud took place at UK-based truck builder, ERF, where it is claimed that the company’s financial controller and company secretary fabricated financial records amounting to £294m.
Freightliner claims that E&Y not only failed to spot the alleged fraudulent activity, but failed to act on tip-offs from ‘independent third parties’.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team