Liquidator KPMG has initiated legal proceedings on behalf of the failed brokerage Halifax Investment Services. KWM is being represented by the Australian firm Colin Biggers & Paisley. KPMG is represented by K&L Gates.
November 10, 2022 at 04:30 PM
4 minute read
Correspondent, Sydney
The original version of this story was published on Law.com International
King & Wood Mallesons has been hit with a legal malpractice suit alleging the Global 200 firm breached its duty of care, leading to the collapse of its client—brokerage firm Halifax Investment Services.
The suit, which was brought by accounting firm KPMG in its role as liquidator for the failed brokerage, alleges that advice provided by King & Wood Mallesons “caused loss to the Halifax Group” and also claims that the law firm engaged in misleading and deceptive conduct.
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