News and Views

Philadelphia Inquirer

Danon vs. Vanguard: Tax Whistleblower Wins a Round in Federal Appeals Court

by Joseph N. DiStefano, Staff Writer Read the article at the Philadelphia Inquirer Federal court in Philadelphia should reconsider tax lawyer David Danon’s complaint that he was fired by investment giant Vanguard Group in 2013 as retaliation for telling his Vanguard bosses and government agencies that the company underpaid its income taxes, the U.S. Court of…

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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…

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Wall Street Journal

PwC ordered to pay $625m over Colonial Bank collapse

Wall Street Journal US FDIC wins largest ever damages award against an accounting firm ALISTAIR GRAY – NEW YORK PwC has been ordered to pay $625m over its role auditing a US bank before its collapse in 2009, the largest damages award ever made against an accounting firm. A court on Monday ordered that PwC pay…

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Past Cases

PwC ordered to pay $625m over Colonial Bank — Financial Times

US Federal Deposit Insurance Corporation wins the largest damages award ever made against an accounting firm.

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Past Cases

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

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

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