Carillion Liquidator Sues KPMG Over Audit Failings

By Lucia Osborne-Crowley (November 22, 2021, 2:11 PM GMT) -- Liquidators for Carillion PLC have filed a lawsuit against KPMG seeking damages for professional negligence over the Big Four accounting firm's audits of the construction giant, which collapsed in 2018.

An Official Receiver from the Insolvency Service, acting on behalf of Carillion's creditors, filed the suit at the High Court on Friday. The amount sought has not been disclosed. Members of another accounting firm, PwC, are acting as special managers for the Carillion liquidation.

Carillion, which was one of Britain's biggest construction and outsourcing businesses, collapsed in 2018 with £1.5 billion ($2 billion) of debt and an £800 million pensions deficit...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!