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!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team