Deloitte's office in the Netherlands is preparing for a lawsuit by a group of investors there over its audits of food distributor Royal Ahold in a case that could cost the firm hundreds of millions of euros.

Shareholders are also suing the former chief executive of Ahold, Cees van Hoeven. A prior damages claim has already failed in U.S. courts, but Deloitte was criticized earlier this year by a Dutch disciplinary council for registered accountants, according to Thomson Financial.

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