Ernst & Young Hit With U.K. Suit Over NMC Audit Allegations - Bloomberg
Administrators for NMC Health sued Ernst & Young in the U.K. over claims of negligent auditing spanning six years, escalating an intense battle over the hospital operator’s collapse.
The lawsuit, which was filed on Thursday, relates to work that EY carried out between 2012 and 2018, according to a spokesperson for the joint administrators, Alvarez and Marsal.
“The issues that we found at NMC Healthcare following our appointment were broad, complex and multi layered,” they said. “As administrators, we have an obligation to maximize returns for creditors and this action is part of those wider efforts.”
Sky News earlier reported the case saying that the health care firm is seeking 2 billion pounds ($2.5 billion). The suit doesn’t yet contain a public document laying out the details of the claim.
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