PwC Ducks 2 Hedge Fund Claims In Refco MDL

Law360, New York (October 27, 2011, 2:39 PM EDT) -- A New York federal judge has affirmed findings by a special master for the sweeping Refco Inc. multidistrict fraud litigation that two claims by hedge funds alleging PricewaterhouseCoopers LLC is liable for $263 million be thrown out, according to an order filed Tuesday.

U.S. District Judge Jed Rakoff had held his own hearing Oct. 12 about the claims, in which the liquidator for the Sphinx Ltd. family of hedge funds accused PwC of malpractice and fraud, claiming that the losses the funds suffered because of PwC's...
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