Embezzlement Killed Ambulance Company,|Southland Says in Suing Outside Auditor

BIRMINGHAM, Ala. (CN) – The outside auditor for Southland Health Services, an ambulance service company, failed to discover that its officers embezzled millions of dollars from the company for at least three years – so much money that the company collapsed, according to a derivative complaint in Federal Court.

     After Southland was bought by co-plaintiff Paladin Holdings, formerly known as Bad Toys Holdings, several Paladin officers embezzled so much money that it “led to the total failure of the company’s business,” according to the complaint.
     Southland’s majority stockholder Larry Lunan is the final plaintiff who sued Pollard-Kelley Auditing Services, alleging negligence, misrepresentation and breach of contract.
     Plaintiffs are represented by Howard P. Walthall Jr. with Burr & Forman.

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