Law360, New York (September 04, 2009) -- A federal appeals court has ruled that accounting firm PricewaterhouseCoopers LLP's failure to catch alleged financial misstatements by client Doral Financial Corp. does not meet standards for securities fraud, upholding the dismissal of claims against PwC in a suit brought on behalf of investors.
In a summary order Thursday, a three-judge panel of the U.S. Court of Appeals for the Second Circuit affirmed a decision by the U.S. District Court for the Southern District...
