Grant Thornton Denies Liability For Swaps Loss In £49M Suit

By Richard Crump (January 23, 2018, 6:04 PM GMT) -- Grant Thornton, the accounting firm being sued by Manchester Building Society for £49 million ($68.5 million) over alleged breaches of duty and negligence, said at a London court hearing Tuesday that it cannot be held liable for hedge accounting problems involving interest rate swaps that the society claims led to financial difficulties in 2013....

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