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roiresearch

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roiresearch

Re: jokerwild477 post# 2468

Thursday, 08/11/2016 8:41:07 AM

Thursday, August 11, 2016 8:41:07 AM

Post# of 2533
If there is a ray of hope; $1 Billion

MF Global Suit Against PwC Cleared for Trial

A judge says a jury should decide whether PwC provided bad accounting advice that caused MF Global's collapse.

“This is a major victory for the MF Global [bankruptcy] estate,” Nader Tavakoli, MF Global’s lead director, told The Wall Street Journal. “It sends a strong message concerning the need for responsibility and accountability, and we hope to secure a substantial recovery for MF Global’s stakeholders.”

http://ww2.cfo.com/legal/2016/08/mf-global-suit-pwc-cleared-trial/

This is pretty big news. The bankruptcy estate has been granted a trial by jury. Legal fees alone are going to hit PWC. Wonder if we hear of a settlement?
















the above is all IMHO (consider this my safe harbor statement)

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