By Julian Goldsmith, 27 November 2001 08:23
NEWS Minority shareholders in the interactive services specialist E-District plan to take the company's former auditors PriceWaterhouseCoopers (PwC) and its former CEO to court next month over accusations of accounting irregularities. One hundred and forty investors, sharing almost two per cent of the company's capital, will demand a return of their investment, according to the Financial Times. Steve Laitman was dismissed as the company's CEO after it was alleged in February that he had massively overstated results. E-District later settled with Laitman, who agreed to give over to shareholders his 11 million shares in the company. However, this has not appeased some minor investors.
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