PracticeAccounting FirmsUS shareholders target foreign companies

US shareholders target foreign companies

Companies trading on the US stock exchange that originate from other nations are increasingly facing litigation from shareholders, according to a new report by PricewaterhouseCoopers.

Link: More litigation is not the answer

The study by the Big Four firm shows that in the first nine months of 2004, 21 cases have been brought against non-US companies by shareholders. This is compared with just 15 cases for the whole of 2003 and looks set to beat the figure of 23 companies set in 2002.

PwC said that roughly two-thirds of the cases filed over the last two-years were accounting related, according to the Financial Times.

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor