PwC Agrees To Cough Up $97.5M In AIG Case

Law360, New York (October 6, 2008, 12:00 AM EDT) -- Plaintiffs in a securities class action have reached a proposed $97.5 million settlement with PricewaterhouseCoopers LLP in a suit alleging the auditing firm acted inappropriately by either not catching or not knowing that American International Group Inc. was involved in a bid-rigging scheme.

In a motion filed Friday in the U.S. District Court for the Southern District of New York, the lead plaintiffs in the consolidated case asked a judge to approve the deal — which the motion purports to be the eighth-largest settlement reached with...
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