Carillion’s liquidators of have struck a deal with a specialist litigation funder to bankroll a £250m lawsuit against KPMG.
Litigation Capital Management, an Aim-traded litigation funder, will finance a claim in the High Court over how KPMG conducted its audits of the outsourcing group.
Carillion collapsed in January 2018 with £7bn of liabilities and just £29m of cash, fuelling debate over whether auditors in the UK were doing enough to raise red flags at struggling companies.
