The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice .. Firm pricewaterhousecoopers llp Nfl analyst types thought jay Group interview brandon MF Global’s Jon Corzine set to testify in .1bn pwc lawsuit.. The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice;
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The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice Forbes That strategy ended with MF Global’s bankruptcy in 2011. But in a jury trial scheduled to begin March 6, lawyers with the well-known litigation firm of Kasowitz Benson will argue MF Global – in reality, creditors owed $1 billion, including hedge funds.
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MF Global’s Jon Corzine set to testify in $3.1bn PwC lawsuit. "The evidence will show that PwC’s negligence was the cause of MF Global’s collapse, which cost the jobs of thousands of people," said Nader Tavakoli, director of the administrator. It is seeking damages of $2.8bn to $3.1bn, including pre-judgment interest.
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The Corpse Of MF Global Says PwC Should Pay $3 Billion For Bad Advice The expected five-week trial is the last major piece of litigation to recover money for MF global creditors. pwc in April 2015 reached a separate million settlement with MF Global investors.
The administrator of MF Global has agreed to a short delay in its $3bn malpractice suit against PwC, which it accuses of sanctioning a scheme that allowed the company to amass ruinous amounts of.
Hedge Funds Reach for Gold in MF Global Lawsuit Against PwC. March 6, 2017 6:00 a.m. ET No stranger to big bets, hedge-fund founder Nader Tavakoli is making perhaps his boldest bet yet-that he can win a $3 billion malpractice suit against a Big Four accounting firm. Mr. Tavakoli, who practiced law at a white-shoe firm before jumping to hedge funds,