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.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Already a member? log in here.

Upcoming CPE Webinars

Sep 18
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.