March 27, 2014
An Alabama federal judge on Thursday threw out a putative class of Colonial BancGroup Inc. shareholders' securities fraud claim against PricewaterhouseCoopers LLP alleging the professional services firm played a role in the massive fraud that brought down Colonial Bank and drove its holding company parent to bankruptcy.
August 12, 2011
Colonial BancGroup Inc. shareholders reached a $10.5 million settlement in a putative class action Friday in Alabama to resolve claims the company's executives engineered a multipart fraud that gutted investors and drove the company into bankruptcy.
August 02, 2011
A bevy of Wall Street firms that sold Colonial BancGroup Inc. securities and its former auditor PricewaterhouseCoopers LLP tried to snuff a putative class action in Alabama on Monday alleging they had a role in a massive fraud that toppled Colonial.