PwC Can't Halt $2B Suit Over Mortgage Fraud That Sank Bank

By Rick Archer · September 1, 2017, 7:22 PM EDT

An Alabama federal judge said Friday that she won't pause a $2 billion suit that alleges PricewaterhouseCoopers LLP overlooked a mortgage fraud scheme that brought down a bank while the auditor appeals the...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Order on Motion to Stay

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 Rick

July 22, 2024
Steward Health Care Finds Buyers For 2 Hospitals
July 01, 2024
Petersen Health Gets OK For $118M Initial Bid On Facilities
June 03, 2024
Judge Says It's Time For DIP Deal For Steward Healthcare
May 31, 2024
WeWork's Winding Road Through Bankruptcy Court
May 30, 2024
WeWork Gets OK For $4B Chapter 11 Plan
May 22, 2024
Fraud Defendant Strikes Deal To End Ch. 11, Sell House
May 21, 2024
Variety Of Cases Propelled Rise In New Jersey Ch. 11 Filings
May 13, 2024
Petersen Health Receivership Deal Draws US Trustee Concern
May 07, 2024
Steward Health Gets Ch. 11 Loan, Says It Plans Hospital Sales
April 09, 2024
Embattled Houston Law Firm Files Ch. 11