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Crisis-era lawsuits winding down? Not for PwC

Jury must answer how much responsibility do auditors have for catching fraud

Crisis-era lawsuits winding down? Not for PwC

Banks, housing agencies, bond raters and many others have faced legal action over the 2008 financial crisis. Now, an accounting giant is taking its turn.

PricewaterhouseCoopers faces a trial starting Monday over civil claims that it failed to catch signs of fraud that helped lead to one of the biggest US bank collapses during the Great Recession. The trial in Florida state court in Miami is one of the few allegations of wrongdoing during the financial crisis that has reached a courtroom.

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