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Retail

Steinhoff's Dutch Shareholders File Lawsuit Against Deloitte

On Wednesday, Dutch shareholders filed a lawsuit against Deloitte, seeking damages for alleged failures in the accounting firm's vetting of the books of retailer Steinhoff International NV, said the Netherlands' association of retail investors.

Steinhoff, which expanded from a small local furniture retailer in South Africa into an international group, reported holes in its accounts six months ago, sending its shares tumbling and leaving it scrambling to pay its debts.

The association said that it had filed a suit against Deloitte at the District Court of Rotterdam.

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