Judge Rules PricewaterhouseCoopers Must Pay $625.3 Million in Damages
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.
