Auditors Face Suit But Not Interest In $2B Bank Failure Row

By Jack Newsham · July 14, 2017, 10:43 PM EDT

An Alabama federal judge ruled Friday that auditors PricewaterhouseCoopers LLP and Crowe Horwath LLP must face a $2.2 billion lawsuit by regulators who say the watchdog overlooked a mortgage fraud scheme...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Order on Motion for Partial Summary Judgment

Case Information

Case Title

The Colonial BancGroup, Inc. et al v. PricewaterhouseCoopers LLP et al(LEAD CASE)

Case Number

Court

Alabama Middle

Nature of Suit

Contract: Other

Date Filed

September 09, 2011

Recent Articles By Jack

March 11, 2019
$165M NovaStar Deal OK'd Over FHFA Objections
March 01, 2019
Disbarred Atty Also Charged With Fleecing Dead War Hero
March 01, 2019
Ex-BigLaw Atty Gets 1.5 To 4.5 Years For Scamming Church
February 21, 2019
NYC Lead Victims' Bid To Depose Ex-Agency Chief Falls Flat
January 30, 2019
NCUA Raises Concerns With Wells Fargo's $43M MBS Deal
January 15, 2019
NY Title Insurance Kickback Rule Revived On Appeal
December 03, 2018
Builder Gets 28 Months On 'Buffalo Billion' Fraud Convictions
November 19, 2018
Skelos, Son Say They Will Report To Prison Amid Appeals
November 14, 2018
KKR, Macquarie Say Auction-Rigging Claims Merit Dismissal
November 14, 2018
NYC, State Seek Pause In Suit Over Real Estate Tax System