6 April 2005 – LAWFUEL – The Law News Network – LawFuel.com’s lead sto…

6 April 2005 – LAWFUEL – The Law News Network – LawFuel.com’s lead story from the Daily Telegraph concerns liquidators to Independent Insurance yesterday said they would sue the collapsed company’s former auditors for a sum thought to be in the region of £300m.

Price WaterhouseCoopers liquidators Mark Batten and Dan Schwarzmann said they had served particulars of claim against KPMG and that the claim was based on alleged negligent audit work carried out by KPMG between the year ending December 31 1997 up to the year ending 31 December.

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