The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the october 2011 bankruptcy of MF Global.
The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice. FFIEC Issues FAQs on SAFE Act Registration for Depository Institution .
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MF Global’s Jon Corzine set to testify in $3.1bn PwC lawsuit. "The evidence will show that PwC’s negligence was the cause of MF Global’s collapse, which cost the jobs of thousands of people," said Nader Tavakoli, director of the administrator. It is seeking damages of $2.8bn to $3.1bn, including pre-judgment interest.
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MF Global’s bankruptcy administrator had sought $3 billion in damages and interest from PwC in the case, which was in its third week of trial in federal court in New York.
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– Mortgage Communications Spot – Florida Mortgages, Tampa Bay, Loans for First Time Buyers, FHA, VA and Refinance mortgage The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice PwC Doesn’t Want To Talk About The Accounting It Did For MF Global Anymore. administrator had sought $3 billion in damages and interest from PwC. MF Global, MF Global Was Bad. News.
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The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice Forbes That strategy ended with MF Global’s bankruptcy in 2011. But in a jury trial scheduled to begin March 6, lawyers with the well-known litigation firm of Kasowitz Benson will argue MF Global – in reality, creditors owed $1 billion, including hedge funds.
The administrator of MF Global has agreed to a short delay in its $3bn malpractice suit against PwC, which it accuses of sanctioning a scheme that allowed the company to amass ruinous amounts of.
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