Deloitte US has won a court ruling that
allows it to proceed with seeking compensation from a former audit
partner who it alleged to have improperly traded client
stocks.

Deloitte sued Thomas Flanagan in October
for breach of fiduciary duty and breach of contract, alleging he
had secretly hidden trades in shares of Deloitte’s audit clients
and lied about it to the firm

Flanagan was vice-chairman of the firm and had
been a partner for 30 years. Flanagan’s lawyers had asked a
Delaware court to dismiss Deloitte’s claims, but the request was
overturned this week.