PwC Fails to Throw Out MF Global Malpractice Theory, Judge Rejects Mistrial

[kreslik.news]

A federal judge on Wednesday paved the way for the MF Global Holdings Ltd.’s bankruptcy administrator. He rejected PricewaterhouseCoopers’ bid to force him to stick to what PwC called the original theory of who was to blame in the trial stemming from the 2011 collapse of commodities brokerage MF Global Holdings.

U.S. District Judge Victor Marrero in Manhattan, who is overseeing MF Global’s $3 billion suit against PwC, rejected the brokerage’s auditor’s request for a mistrial, saying that PwC’s lawyers can challenge MF Global’s arguments in court over the rest of what is expected to be a five-week trial. “The weeks ... (read more)