David Reilly is deputy finance editor of The Wall Street Journal, where he has been a writer and editor for two decades. Previously he has been the Journal’s banking editor, global editor of its Heard on the Street column and has written extensively about major U.S. banks, the global financial and regulatory system and accounting issues. He has worked for the Journal in Brussels, London and New York and is the recipient of a Gerald Loeb and Overseas Press Club award. He can be reached at [email protected]
July 7, 2007
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 International Ltd., marking the larg…