NYC's Apple Bank, PwC Settle $1.9M Tax Malpractice Suit

Law360, New York (February 3, 2014, 2:15 PM EST) -- Apple Bank for Savings last week settled its $1.9 million malpractice lawsuit against PricewaterhouseCoopers LLP, which was accused of failing to account for additional taxes the bank incurred when it attempted to reduce estate taxes brought on by the death of its owner, real estate developer Stanley Stahl.

Attorneys representing Apple Bank and PwC filed a stipulation on Jan. 29 that effectively resolved the case. Resolution of the case, which began in 2006, comes days before trial was scheduled to begin on Feb. 10.

The lawsuit...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.