Investors in Hibernia Foods to get settlement

Six months ago, senior executives from accountancy firm PricewaterhouseCoopers (PwC) travelled to the United States to meet representatives of New York law firm Milberg Weiss Bershad & Schulman.

Ian Kehoe - avatar

Ian Kehoe

16th September, 2006

Six months ago, senior executives from accountancy firm PricewaterhouseCoopers (PwC) travelled to the United States to meet representatives of New York law firm Milberg Weiss Bershad & Schulman.

On the agenda was Hibernia Foods, the Irish food company that went into receivership in 2003 owing tens of millions of euro to its creditors in Ireland, Britain, Europe and the US.

The British division of PwC had audited Hibernia’s books and had given the Nasdaq-quoted company a...

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