Judge Rules PricewaterhouseCoopers Must Pay $625.3 Million in Damages

July 03, 2018

Wall Street Journal, July 2, 2018--Michael Rapoport (subscription)
PricewaterhouseCoopers LLP must pay $625.3 million in damages for failing to catch a fraud scheme that helped cause one of the biggest bank failures of the financial crisis, involving Colonial Bank in Alabama, a federal judge ruled Monday.

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