Ireland’s commercial court has agreed to fast-track Grant Thornton’s €1bn (£865m) legal action against PwC, auditor to collapsed Quinn Insurance.
Administrators from Grant Thornton accuse the accountants of negligent auditing. PwC Ireland said the proceedings in the Irish courts were “unjustified and devoid of merit”. It said it would “vigorously” defend proceedings. The Financial Times describes Quinn Insurance as Sean Quinn’s former “jewel in the crown”.
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