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Pay-Phone Company Sues Deloitte & Touche

May 20, 2003|From Bloomberg News

Los Angeles-based Pacific Coin Management sued Deloitte & Touche for allegedly providing negligent tax advice.

The pay-phone company claims in a lawsuit filed in Los Angeles Superior Court that Deloitte mistakenly said there would be no adverse tax consequences from a debt restructuring. The closely held company is seeking at least $2.2 million in damages.

New York-based Deloitte didn't immediately respond.

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