Friday April 3, 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

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago