Saturday January 18, 2020

PWC to apply for €30m in legal costs security for Quinn case

Former insurer is suing PwC for €800 million after €1.6 billion black hole found in accounts

2nd July, 2017

The accountancy giant PricewaterhouseCoopers (PwC)will apply this week for a court order securing the €30 million in legal costs it expects to pay in an action defending its auditing of Quinn Insurance Limited (QIL).

In 2010, administrators were appointed to the former motor and household insurer. They subsequently revealed a €1.6 billion black hole deficit in its accounts.

Arising from its collapse, QIL is suing PwC for €800 million for negligence, breach of contract and...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Last week, the mogul’s many accusers finally got to see the former movie mogul in court on five charges of sex crimes. But if the first two days of the case are anything to go by, his trial will be full of the cliffhangers and theatrics that punctuated the blockbuster films he produced

Marion McKeone | 6 days ago

Masoud Islami also compared assassinated general Qassem Soleimani to Michael Collins, saying both were ‘icons of resistance’

Emmet Ryan | 6 days ago

Dublin is a global sales hub for tech companies such as Google, which has become synonymous with data capture and tax avoidance. But is this really the reputation that the tech giant wants to have?

Aidan Regan | 6 days ago