Grant Thornton LLP faces legal action for its “negligent” audit of Patisserie Valerie, a bakery chain that collapsed after a large fraud missed by its auditors.
Both Grant Thornton and the bakery liquidator, the restructuring firm FRP Advisory Group Plc, said by e-mail Tuesday that a claim for damages had been filed Nov. 20 at London’s High Court. Mark Davis, a lawyer at Mishcon de Reya LLP, the firm representing the liquidators, declined to give further details of the case in a call Tuesday, citing client confidentiality.
- “We can confirm that the joint liquidators of companies within the Patisserie ...
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