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Law & Regulation

PwC negligence suit over $1.6b in Brierley losses

Victoria Young
Fri, 02 Jul 2021

PwC is facing a negligence claim after its tax advice over 10 years. (Image: BusinessDesk)
Victoria Young
Fri, 02 Jul 2021
A former Brierley unit’s negligence claim against PwC involves tax advice over $1.6 billion in historical losses, a recent high court judgment reveals.As BusinessDesk earlier reported, PwC is defending a suit by former Brierley Investments unit BIL NZ Treasury over advice in the decade up to 2018.The case is at the discovery phase and a four-week trial is expected in Wellington, but not until the first quarter of 2022.BIL NZ Treasury and related entities seek damages for alleged breach of contract, breach of fiduciary duty, negligence and...

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