Lawsuit for Healthcare Locums

Shares in troubled nursing recruitment agency Healthcare Locums fell by more than 20 per cent yesterday after several of its US investors launched a lawsuit against the company. Healthcare Locums came close to collapsing last year when accounting irregularities were found in its books. Hedge funds including Permian and Arundel have joined forces to file suits against the firm and several of its executives, claiming that they were mislead during 2010 about the company’s profitability and accounting practices.