PracticeConsultingSir Elton to meet PwC in High Court

Sir Elton to meet PwC in High Court

Sir Elton John has launched his legal battle against PricewaterhouseCoopers, accusing the Big Five firm of negligence in managing his affairs.

The 53-year-old superstar is also suing Andrew Haydon, former managing director of John Reid Enterprises (JREL), which for many years was Sir Elton?s management company over a ‘missing’ £20m, according to reports this afternoon.

Sir Elton’s QC Gordon Pollock told the High Court that when PwC, then known as Price Waterhouse, came to act for him they found themselves on what was known in certain circles as ‘a nice little earner’.

The singer is claiming that Haydon was negligent in allowing JREL to charge US tour expenses – including booking agents, accountants and producers – to Sir Elton.

The High Court action is likely to last up to eight weeks and Sir Elton is expected to give evidence during the proceedings.

A spokesman for PwC told AccountancyAge.com the firm would not talk about on-going litigation.

In 1998 the singer dropped Price Waterhouse, replacing the firm with KPMG.

The case continues.

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