7th Aug 2020 12:04
Watchstone Group PLC - Hampshire-based insurance and healthcare technology business - Files GBP63 million breach of contract and conspiracy claim against professional services firm PricewaterhouseCoopers LLP. Says the claim arises from an unauthorised and illicit channel of communication between PwC - its former restructuring and technical accounting adviser - and Greenhill & Co, a corporate finance adviser to Slater & Gordon UK 1 Ltd. It alleges that PwC unlawfully disclosed to Greenhill, information pertaining to Watchstone which was confidential. This information was then factored into Slater & Gordon's tactics and strategy for negotiations leading to Watchstone's GBP637 million disposal of its Professional Services division in 2015 to Slater & Gordon.
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Year-to-date change: down 55%
By Ife Taiwo; [email protected]
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