Ernst in trouble
Poor old Ernst & Young: the fall-out from Arthur Young's auditing of Sound Diffusion, the failed television rental group, goes on.
After reaching an an out-of- court settlement last week to pay pounds 1.35m to Tunstall Group, a shareholder in Sound Diffusion, the accountancy firm now has to cope with a claim from Mr SJ Western, of Woodford Green, Essex. Mr Western's wife bought 2,000 shares in Sound Diffusion after reading in the Independent that Tunstall had increased its stake. Mr Western has therefore written to Nick Land, London managing partner of Ernst & Young, asking him to consider 'my modest claim for pounds 752, as adjusted by the retail price index and loss of income to say pounds 900'. Don't all rush at once.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies