Andersen Consulting Sues for Lost Compensation
Andersen Consulting has filed a suit against Computer Sciences Corporation, alleging that the company neglected to pay the consulting firm $10 million for work associated with a subcontracted project.
Andersen was not successful in settling the suit through mediation. The work stems from a seven-year outsourcing agreement dating back to 1993 in which the two companies would jointly manage J.P. Morgan's computer systems.
CSC managed the project called Pinnacle Alliance, and outsourced work to Andersen, AT&T and other providers. In filing the suit, Andersen expressed its wishes that this would not affect the company's work with J.P. Morgan.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.