"Where liberty is, there is my country." Attributed to Benjamin Franklin, and many others.
Doc 1005:
Ezra Charitable Trust, et al. v. Tyco International, Ltd., et al. (including PricewaterhouseCoopers, LLP)-2006-09-27
A brief excerpt from the memorandum and order by United States Circuit Judges Bruce M. Selya, Kermit V. Lipez, and Jeffrey R. Howard: Plaintiffs emphasize the following allegations as demonstrating PwC's scienter: (1) that the initial restatem…
Doc 1004:
Ezra Charitable Trust, et al. v. Tyco International, Ltd., et al. (including PricewaterhouseCoopers, LLP)-2005-09-02
A brief excerpt from the memorandum and order by United States District Judge Paul Barbadoro: PwC, which served as Tyco’s accountant and one of its consultants, performed an audit of Tyco’s disclosures and included its endorse…
Doc 1003:
Laurent v. PricewaterhouseCoopers LLP, et al.-2014-06-26
A brief excerpt from the memorandum and order by United States District Judge J. Paul Oetken: This case involves claims against Defendant PricewaterhouseCoopers (“PWC”) under the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 100…
Doc 1002:
Los Angeles v. PricewaterhouseCoopers, LLP
A brief excerpt from the opinion of Justice Kruger and agreement of the Court's Chief Justice and Justices: In 2010, the City of Los Angeles contracted with PricewaterhouseCoopers (PwC) to modernize the billing system for the City’s Department…
Doc 1001:
FDIC v. PricewaterhouseCoopers LLP, et al.
A brief excerpt from the memorandum and order by Chief United States District Judge Keith Watkins: The Federal Deposit Insurance Corporation (“FDIC”) stepped in as receiver for Colonial upon its failure. In its capacity as receiver for Colonia…
Rejournal 25:
Plaintiffs Move for Settlement Approval in 16-Year ERISA Case
The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated. The parties in a protracted Employee Retirement Income Security Act lawsuit against PricewaterhouseCoopers LLP have reached a pr…
Rejournal 24:
PwC pushed out principal 1 day before her assets vested, lawsuit alleges
While the former employee said she was denied opportunities and pushed out to deprive her of benefits, a PwC spokesperson said the decision was based on “legitimate business considerations.” A former principal at PricewaterhouseCoopers repeate…
Rejournal 22:
Lawsuit over audits seeks $5.5B from PricewaterhouseCoopers
MIAMI (AP) — Accounting giant PricewaterhouseCoopers squared off Tuesday in court with lawyers for a defunct mortgage company’s creditors and investors over a $5.5 billion lawsuit, which claimed the Big Four firm failed through years of audits…
Rejournal 21:
Additional Allegation of Fraud by PriceWaterhouse Coopers Filed in Court Motion in Connection with its Role in Customer Information and Billing System Implementation
LOS ANGELES (June 30, 2016)— Earlier today, the Los Angeles City Attorney, on behalf of the City of Los Angeles and the Los Angeles Department of Water and Power (LADWP), filed a motion in LA Superior Court seeking permission to file an…
Rejournal 20:
PwC growth drops to 16-year low amid ‘challenging backdrop’
In the 12 months to the end of June, PwC UK’s revenues rose 0.4 per cent to£6.35 billion from £6.33 billion in its previous financial year. That is a marked slowdown compared with the past few years, when annual revenue growth has averaged mor…
Rejournal 18:
PwC to pay $267 million to settle ERISA lawsuit
PricewaterhouseCoopers agreed to pay $267 million to settle a 16-year lawsuit filed by participants in a company pension plan who claimed they were shortchanged because fiduciaries incorrectly calculated lump-sum payments for a cash bal…
Rejournal 12:
PwC Sets Accord in Tyco Case
Pact for $225 Million Settles Claims Involving Auditing Malpractice. Accounting titan PricewaterhouseCoopers LLP agreed to pay $225 million to settle audit-malpractice claims arising from the criminal misdeeds of top executives at Tyco Intern…
Rejournal 11:
Bridging Finance receiver PwC files $1.4-billion lawsuit against ex-auditor Ernst & Young
The receiver for Bridging Finance Inc. is suing Ernst & Young LLP for failing to catch signs of fraud being perpetrated at the failed lender, despite serving as its auditor for several years. Bridging receiver PricewaterhouseCoopers Inc. i…
Rejournal 9:
"Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal
‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal. In the depths of winter 2015, an Australian tax specialist adopted the language of a spy. “For your eyes only,” he wrote, whil…
Rejournal 8:
PwC China Hit With Six-Month Ban Over Evergrande Crisis
Chinese regulators said the firm failed to maintain professional skepticism for its work related to the country’s recent real-estate bust. The $62 million in fines, handed down by regulators Friday, was the country’s largest-ever penalty impos…
Rejournal 6:
PwC sued by employee who lost half his skull after ‘pub golf’ outing
The auditing firm PricewaterhouseCoopers (PwC) is being sued by a UK employee who lost half of his skull after taking part in a “pub golf” work event that involved excessive drinking. The employee, 28-year-old Michael Brockie, filed a personal…
Rejournal 5:
PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator
WASHINGTON (Reuters) - A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have identified problems leading to the 2009 co…
Rejournal 4:
Prostitutes, Vegas Bachelor Parties Part Of DWP Scandal Lawsuit Against PricewaterhouseCoopers
... the accounting firm best known for tallying up the Oscar votes, but now, the City of LA says they spent a lot of time partying in Vegas on your money. CBS's Erica Nochlin joins us with the scandalous details. Pat and Paul this fraud allege…
Rejournal 3:
TYCO FRAUD
The following timeline chronicles the progress of investigations and indictments against Dennis Kozlowski, Mark Swartz, and Mark Belnick...
Rejournal 2:
5 PwC Scandals Far Worse than Oscar Envelopegate Mix Up
The PriceWaterhouseCoopers’ Oscar mix up has dominated social media the last couple days, with many saying Envelopegate could be a major hit to PwC’s long-term repu…
Rejournal 1:
FDIC v. PricewaterhouseCoopers LLP, et al.
This case sought to hold auditors PricewaterhouseCoopers (PwC) responsible for their failure to detect a $2.3 billion fraud that the judge described as “one of the largest and longest-lasting bank frauds in American banking history” and which …
The Guardian and Washington Post Win the Pulitzer Prize
I am grateful to the committee for their recognition of the efforts of those involved in the last year's reporting, and join others around the world in congratulating Glenn Greenwald, Laura Poitras, Barton Gellman, Ewen MacAskill, and all of t…
