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Deloitte seeks to avoid liability over US nuclear fiasco

Shareholders claim audit firm helped hide difficulties at South Carolina power project
The VC Summer Nuclear Station in South Carolina

Deloitte has asked a US judge to throw out demands that it compensate shareholders who lost money in the collapse of one of the country’s largest nuclear power projects, in a case that has exposed the inner workings of the Big Four audit firm.

Recently filed documents detail Deloitte’s work auditing the South Carolina utility Scana before the company abandoned construction of two nuclear reactors that had fallen far behind schedule and billions of dollars over budget.

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