Litigation Capital to Finance Carillion Claim Against KPMG

Litigation Capital Management enters a litigation finance agreement with some Carillion entities to fund a claim against the company’s former auditors, KPMG, according to a statement.

• Claim to be heard in the Commercial Court of the High Court of Justice of England & Wales
• Claim arises from KPMG’s conduct of Carillion’s audits
• Losses in claim subject matter are expected to exceed GBP250m
• NOTE: KPMG Moves Towards Settlement W/ FRC on Carillion Collapse: Sky

To contact the reporter on this story:
Charles Capel in London at ccapel2@bloomberg.net

To contact the editors responsible for this story:
Tiago Ramos Alfaro at talfaro1@bloomberg.net ...