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Eagle issues writ • Eagle Trust has issued a High

31st May 1990, Page 15
31st May 1990
Page 15
Page 15, 31st May 1990 — Eagle issues writ • Eagle Trust has issued a High
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Which of the following most accurately describes the problem?

Court writ against its former accountants, KPMG Peat Marwick McLintock, alleging breach of contract and/or negligence over the auditing of accounts for 1987.

As part of the proceedings, the company hopes to establish that its now defunct parcels distribution subsidiary, Eagle Express — acquired in April 1988 as Connect UK — would not have suffered such severe losses, put at 225m, if Peat Marwick had been more rigorous in its accounting.