Court upholds $US183m award against PwC
PricewaterhouseCoopers (PwC) is reviewing a US federal appeals court ruling which has upheld a $US183m (£104m) malpractice award against its predecessor Coopers & Lybrand, stemming from audits in 1981 and 1982 of the collapsed insurance company Ambassador Insurance Co. About 22,000 creditors are entitled to share in the award, plaintiffs’ lawyer Richard Whitney said.
