Administrator to sue former MCC advisers: Price Waterhouse: Correction

Price Waterhouse, administrator of Maxwell Communication Corporation, said that it was not proposing to issue proceedings against Clifford Chance, contrary to an article in the Independent yesterday. It confirmed that it was considering the position of MCC's auditors, Coopers & Lybrand, but that no decision had been taken. It is also assessing the situation of Titmuss Sainer & Webb, but legal proceedings are not imminent.