Pricewaterhouse Coopers

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Judge finds PwC liable to FDIC - only the FDIC - over Colonial fraud

By Daniel Fisher | Wednesday, Jan 3, 2018 @ 10:20am

WASHINGTON (Legal Newsline) - A federal judge in Washington has found accounting giant PwC liable to the Federal Deposit Insurance Corp. for failing to catch the multibillion-dollar fraud that took down Colonial Bank, even as she rejected similar claims by the bank and its holding company because they were complicit in the fraud.
FDIC's attack on PwC puts judge behind schedule

By Daniel Fisher | Friday, Dec 1, 2017 @ 8:10am

WASHINGTON (Legal Newsline) - A federal judge has put a damages trial on hold in the Federal Deposit Insurance Corp.’s multibillion-dollar lawsuit against accounting firm PwC over 2009 failure of Colonial Bank Group, saying she was behind schedule on determining the threshold question of liability.