SAExploration Sues Auditor for Malpractice, Negligence, Seeks $45M
Houston oilfield services corporation SAExploration is suing its long-time former auditor for allegedly failing to detect a $100 million fraud scheme operated by the company’s former top executives for several years. SAE accuses Pannell Kerr Forster of Texas of negligence, malpractice and “dereliction of duty” that resulted in SAE being forced into bankruptcy, subjected to multiple federal investigations, being delisted by Nasdaq and targeted for class action lawsuits.




