PwC Escapes Freddie Mac Securities MDL

Law360, New York (January 25, 2010, 4:40 PM EST) -- PricewaterhouseCoopers LLP has won the dismissal of all claims against it in the multidistrict litigation arising from the U.S. government's takeover of Freddie Mac.

Judge Miriam Goldman Cedarbaum of the U.S. District Court for the Southern District of New York on Thursday granted PwC and several individual defendants' motions to dismiss the claims, but gave the plaintiffs until March 15 to amend their complaint.

Counsel for PwC declined to comment on whether they expected the plaintiffs to replead any claims against the firm.

Freddie Mac shareholders...
To view the full article, register now.