Property company Harlequin has started the ball rolling on its professional negligence claim against accounting firm Wilkins Kennedy.
The company issued proceedings at the High Court in London, and is seeking damages of around $60 - 70m.
The professional negligence claim is part of a long running dispute between the accounting firm and property company. In 2013, Harlequin became the subject of a Serious Fraud Office (SFO) investigation, which is still ongoing.
It told AccountingWEB that it blamed former accountants and auditors Wilkins Kennedy for "historic problems" and indicated it would bring a professional negligence claim against it.
The firm said in February 2013 it was "robustly defending" claims against it. When contacted for a response to the latest development however it failed to respond.
A former employee, Jeremy Newman, and current firm partner Martin MacDonald had been brought in to work for Harlequin on...