EY’s plans to split auditing and consulting arms dragged into $2.7-billion London lawsuit

EY has been planning to separate its auditing and consulting businesses, though reports this month suggested the move is likely to be paused

EY’s plans to split its auditing and consulting arms have been dragged into a $2.7-billion lawsuit brought in London by the administrators of troubled hospital operator NMC Health PLC over concerns EY would be unable to pay if it loses the case.

“NMC will be aware from press coverage … that the potential separation under consideration is paused,” the document said. NMC, which sued EY last year for allegedly failing to identify that NMC’s financial statements were materially misstated between 2012 to 2018, asked for a court order requiring EY to provide details of the potential split.

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