Shoddy PwC Audits Led To Bank Failure, Judge Rules

By Evan Weinberger · January 2, 2018, 2:31 PM EST

PricewaterhouseCoopers LLP faces hundreds of millions of dollars in damages after a federal judge recently ruled its negligent audits of an Alabama bank contributed to one of the biggest bank failures...

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Case Information

Case Title

The Colonial BancGroup, Inc. et al v. PricewaterhouseCoopers LLP et al(LEAD CASE)

Case Number

2:11-cv-00746

Court

Alabama Middle

Nature of Suit

Contract: Other

Date Filed

September 09, 2011


Case Title

Federal Deposit Insurance Corporation v. PricewaterhouseCoopers LLP et al(MEMBER CASE)

Case Number

2:12-cv-00957

Court

Alabama Middle

Nature of Suit

Contract: Other

Date Filed

October 31, 2012