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Wall Street Journal

PricewaterhouseCoopers Settles $5.5 Billion Crisis Era Lawsuit

Bankruptcytrustee sued accounting firm over failure to catch fraud at Taylor Bean.

Accounting giant PricewaterhouseCoopers LLP has settled a $5.5 billion lawsuit in the middle of a weekslong trial over its alleged failure to catch the massive fraud that led to one of the most expensive bank failures in U.S. history.

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