Accountants' Professional Negligence

The Case

This case involved a whitewash report which it was said was negligently prepared by accountants, resulting in the approval of a transaction which caused the company to become insolvent shortly afterwards.

Why It’s Significant

The case was pursued using litigation finance by the liquidator of the company who otherwise lacked the resources to pursue the claim.

Therium’s Solution

With the benefit of litigation finance to take the case to a conclusion, the liquidator was able to commence the claim and achieve an early settlement and recoveries to the creditors.