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Finance News

Historic $5.5B Trial Begins Over PricewaterhouseCoopers' Role In Crisis-Era Bank Failure
Aug 10, 2016

A state court jury heard opening statements on Tuesday in the largest accounting negligence lawsuit ever to go to trial, with attorneys for a defunct mortgage company’s bankruptcy trust accusing PricewaterhouseCoopers of performing negligent audits.

CVN To Webcast $5.5B Accounting Negligence Trial Over PwC’s Audits Of Failed Bank
Jul 28, 2016

The largest accounting negligence lawsuit ever to go to trial begins August 1 in Florida, where Big Four firm PricewaterhouseCoopers will defend against claims it should pay $5.5 billion for performing allegedly faulty audits.

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