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KPMG faces lawsuit over botched Quindell audit

KPMG lawsuit follows ruling that auditors can be liable for losses caused due to faulty audits

KPMG faces lawsuit over botched Quindell audit
Photo: Getty Images

Insurance software company Watchstone has fired the first shot in a multi-million pound legal battle over KPMG's botched audit of Quindell – Watchstone's previous trading name.

Watchstone filed a claim in the High Court this week against the Big Four firm, court records show.

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