Experienced. Creative. Relentless.

PwC Ordered to Pay $625 Million in “Largest Ever Damages Award Against an Accounting Firm”

Litigator of the Week: Record $625M Award Proves You Don’t Need Big Law for Big Wins

PwC Settles $5.5 Billion Crisis Era Lawsuit During Trial

TAFS is the plaintiffs firm for high stakes financial and accounting litigation. Our strategy combines financial expertise and years of experience on both the plaintiff and defense side to take the biggest, toughest cases to trial for clients victimized by fraud, mismanagement and negligence.

It’s this combination that provides an unbeatable perspective, knowing in advance your opponent’s next move before it happens to deliver the best possible results. When you’re this dedicated to your clients, success is the only option.

  • $5.5 Billion

    Largest lawsuit against an auditor settles during trial

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  • $3 Billion

    MF Global malpractice lawsuit settles halfway through a high-profile court battle in New York

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  • $2 Billion

    Deloitte & Touche settles lawsuits over crisis-era audits on eve of trial

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  • $625 Million

    TAFS scores the largest damages award ever against a global public accounting firm

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Practice areas

Trial Practice

Our team’s first jury trial resulted in a monumental $521 million verdict in 2007. Since then we have taken more billion-dollar cases against auditors to trial than anyone. In 2018 we broke the record again with a $625 million verdict against PwC.

Whistle-Blower Representation

Whistleblowers who provide information about tax or securities fraud to the IRS and Securities and Exchange Commission can receive substantial monetary rewards up to 30% of the proceeds collected by the government. 

Our Attorneys

STEVEN W. THOMAS

Partner

Mr. Thomas’ understanding of the financial markets and complex financial instruments provides a unique advantage to clients acting as plaintiffs.

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EMILY ALEXANDER

Partner

Ms. Alexander is an experienced litigator and trial attorney who has represented business clients as both plaintiffs and defendants.

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MARK FORRESTER

Partner

Mr. Forrester has substantial experience in litigation involving financial matters, including banking, accounting, and securities.

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STEPHEN SORENSEN

Partner

Mr. Sorensen has extensive experience with financial instruments and complex financial transactions…

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News and Views

  • The American Lawyer
  • August 29th, 2018

Litigator of the Week: Record $625M Award against PwC Proves You Don’t Need Big Law for Big Wins

By Jenna Greene Stephen Sorensen scored the biggest damages award ever against a global public accounting firm, and broke new legal ground along the way. When Colonial Bank failed in 2009, it was—as the judge put it—the result of “one of the largest and longest- lasting bank frauds in American banking history.” But should the…

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