On Tuesday, the leadership of PwC discussed the firm’s long running legal battle with Quinn Insurance Limited (QIL). A decade after the administrators of the collapsed insurance firm initiated a €800 million High Court action PwC, the firm was poised to to sanction a settlement that would finally end one of the biggest corporate legal cases in Irish history. PwC was the auditor of Quinn Insurance, which collapsed in 2010 with a €1.1 billion black hole in its finances. The administrators, accountants Michael McAteer and Paul McCann, subsequently lodged a negligence claim against the firm over its alleged failure to…

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