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2nd Circ. Nixes Doral Investors' PwC Fraud Claims

By Christie Smythe (September 4, 2009, 1:38 PM EDT) -- 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....

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