PwC Let Off Hook In BofA ERISA Suit

Law360, New York (April 9, 2010, 4:04 PM EDT) -- A judge has dismissed PricewaterhouseCoopers LLC as a co-defendant from a class action accusing Bank of America Corp. of using faulty formulas to calculate the retirement age of its employees and illegally transferring billions of dollars between its retirement plans.

Judge Graham C. Mullen of the U.S. District Court for the Western District of North Carolina on Wednesday granted PwC's motion to be tossed from the employees' third amended complaint, saying the accounting firm — which helped design the plans at issue — could not be...
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