LOT Polish Airlines (LO, Warsaw Chopin)
will be taken to court by Ernst&Young (E&Y) for the non-payment
of a restructuring plan prepared for the ailing Polish national
carrier. According to the Warsaw Business Journal, LOT refuses to pay
Ernest&Young demanding instead that it pay for another PLN6.5million
(USD2.138million) plan, prepared by PricewaterhouseCoopers (PwC) and
later accepted by the Poles over that of E&Y. In response, E&Y
is demanding the overdue payment and costs totaling PLN4.4 million. LOT
claims that E&Y, knowing that LOT needed an urgent solution,
overcharged it by 400% which forced the Poles to turn to PwC. In its
defense, E&Y says it was forced to stop working on the plan once LOT
ceased payments. The case is due to be heard in April 2014.