Crowley et al. v. estate of Arnold Chait et al.(insurance fraud)
Publication: Corporate Counsel
Publication Date: 01-JAN-06
Author: Tomassi, Kate DuBose
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A federal judge on September 30 ordered PricewaterhouseCoopers LLP to pay $182.9 million to creditors of Ambassador Insurance Company, which went bankrupt 21 years ago. The ruling upholds a jury award handed down earlier last year.
At issue was a 1981 audit that accountants at Coopers & Lybrand (which...
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