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Deloitte Agrees to $34M Settlement Over Failed Nuclear Project Audits
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Subscribe04 MAR 2026 / ACCOUNTING & TAXES
Deloitte & Touche LLP settles a $34 million lawsuit with investors over its alleged failure to identify warning signs leading to the collapse of South Carolina’s V.C. Summer Nuclear Generating Station expansion project, one of the most expensive infrastructure failures in U.S. utility history. The investors argued that Deloitte endorsed financial statements indicating the project was on track, even as internal reports warned of significant delays, leading to a significant loss in SCANA Corp.'s stock value when the project was eventually abandoned in 2017.
A clean audit opinion usually fades into the background. Investors see it, analysts note it, and the market moves on. Trouble starts when that opinion later sits next to a multibillion-dollar corporate failure. That is exactly where Deloitte now finds its...
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