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.