"Where liberty is, there is my country." Attributed to Benjamin Franklin, and many others.
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 …
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 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…
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…
