A judge has expressed worries that a class action against collapsed Blue Sky Alternative Investments and Ernst & Young is “drifting” amid concerns from the defendants about “indulgent” discovery and potentially “significant” changes to the pleadings.
Likening its position to the “Goldilocks zone”, EY has secured documents from rival Alvarez & Marsal as it weighs potential litigation over the mass departure of partners and staff from its international tax practice.
The funder of a failed class action against the founder of sandalwood producer Quintis and EY and has been hit with costs, despite arguing the order would set a bad precedent.
A former EY partner who is in court over an alleged tax exploitation scheme has been banned for five years by the Tax Practitioner’s Board, which claims he engaged in “serious, deliberate and dishonest” misconduct.
Mills Oakley has hired two new partners for its financial services and national property teams.
On the first day of trial in the Tax Office’s case against a former EY partner accused of marketing a tax loss access scheme and pocketing $700,000 in the process, the court heard former clients were assured the scheme was “risky but not illegal”.
Accounting firm EY has signed a 10-year lease with Charter Hall for its new Melbourne headquarters in the East End Place precinct, just a stone’s throw from Parliament.
Risk advisory expert Doug Nixon has joined Clayton Utz as a partner after 20 years at Ernst & Young.
An ex-EY partner accused of pocketing $700,000 in commissions in a tax loss scheme wants to vindicate his reputation at trial but is weighing whether to keep his silence, a court has heard.
A former EY partner accused of pocketing $700,000 in secret commissions as part of a tax loss scheme has invoked privilege against exposure to penalty in a client’s suit.