MF Global Holdings Ltd. sued its auditor PricewaterhouseCoopers LLP (PwC) for at least $1 billion on March 28, alleging that the Big Four firm’s “erroneous accounting advice” resulted in the brokerage company’s failed investment in billions of dollars of European sovereign debt instruments and contributed to MF Global filing for bankruptcy in 2011.
via MF Global Files $1 Billion Lawsuit Against PwC for Malpractice — AccountingWEB
