Miami—PricewaterhouseCoopers settled a $5.5 billion accounting negligence case against it, midway through a Florida state court trial over the accounting giant’s alleged responsibility for failing to detect widespread fraud that led to the collapse of one of the nation’s largest home mortgage lenders. Taylor Bean & Whitaker Plan Trust v. PricewaterhouseCoopers LLP, 2013-033964-CA-01.
Taylor, Bean & Whitaker former general counsel, Jeffery Cavender, engages in a heated exchange on cross exam over provisions of an agreement between the company and Colonial Bancgroup.
Miami—As the $5.5 billion accounting negligence trial against PricewaterhouseCoopers entered its third week Monday, the former general counsel of failed mortgage giant Taylor, Bean & Whitaker wrapped up two days of testimony over agreements that led to the company’s collapse, and caused one of the biggest bank failures of the Great Recession era. Taylor Bean & Whitaker Plan Trust v. PricewaterhouseCoopers LLP, 2013-033964-CA-01.