AICPA hails court decision in Standard Chartered v. Price Waterhouse. (Arizona) (Brief Article)

In mid-December, Judge John R. Sticht of the Superior Court of Arizona granted Price Waterhouse's motion for a new trial in the matter of Standard Chartered PLC v. Price Waterhouse. Judge Sticht found the jury verdicts in an earlier trial so "irreconcilably inconsistent" as to be "blatantly erroneous," necessitating new trials for both liability and damages.

The American Institute of CPAs was pleased by Judge …