Category Archives: Reuters

Reuters

At heart of FDIC’s win v. PwC, an unsettled theory

By Alison Frankel Read the entire article at Reuters (Reuters) – The accounting giant PricewaterhouseCoopers is facing hundreds of millions of dollars in exposure to the Federal Deposit Insurance Corporation after U.S. District Judge Barbara Rothstein ruled last week that PwC negligently failed to uncover a $2.3 billion fraud scheme between PwC audit client Colonial Bank, now in FDIC…