2nd Circ. Revives Lawsuit Over PwC Valuation
A jury could find that PwC overvalued stakes in the fund Lipper, a three-judge panel said in a written opinion.
“A jury reasonably could find that the plaintiffs purchased their interests at fraudulently overvalued prices,” the panel said.
Lipper, which operated from 1995 to 2002, invested in so-called convertible securities,...
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