Pennsylvania’s auditor general says a Harrisburg-based abortion alternative provider is suing his office to cover-up how it spent $906,000 in state funds. Real Alternatives filed the lawsuit Wednesday in Commonwealth Court. The nonprofit has a $30.2 million grant through a Department of Human Services program that provides pregnancy testing, counseling and other …
After an election, a president-elect has an enormous amount of work to do. The period between Election Day and Inauguration Day flies by, and an incoming leader has to assemble a team, receive policy briefings, put an agenda in place, and attend a seemingly endless stream of meetings. In Donald Trump’s case, there’s another part of his upcoming schedule that most presidents-elect don’t have to …
Plaintiffs suing Anthem Inc. in the wake of a cyberattack that exposed information on nearly 80 million individuals in 2015 want a court to open the door to revealing more of the results of audits of the insurer …
The class action complaint, filed with the United States District Court for the Eastern District of Missouri, Eastern Division, accuses Welspun of violating Missouri’s consumer fraud statutes and other laws, through deception, fraud, false pretence, false promise, misrepresentation, unfair practice or concealment, suppression, breach of warranty and/or omission of material fact, among other things …
The complainant is Taylor, Bean & Whitaker (TBW), which was a top-10 wholesale mortgage lending firm. The trustees of the company are accusing PwC of negligence in their audits of TBW’s lender, Colonial Bank. In an agreement between the top management of the borrower and the bank, starting from 2002, TBW chairman Lee Farkas sent mortgage data to Colonial Bank for fake loans or those the company …
Delaware has settled with a company suing it over its abandoned property laws. In a Friday filing with the U.S. District Court for the District of Delaware, the state and Temple-Inland jointly requested Judge Gregory Sleet dismiss a lawsuit that argued Delaware’s method of estimating abandoned …
A US JUDGE has given the go-ahead for a $1bn lawsuit against PwC over claims the firm provided bad accounting advice which contributed to the 2011 collapse of MF Global. MF Global and its parent company, MF Global Holdings Ltd, collapsed in October 2011 after investors left the firm on learning about risky bets on sovereign debt taken by former chairman and New Jersey Senator Jon Corzine. In a …
Moore Stephens’ Hong Kong firm won a victory in a New York federal appeals court on a case that could have a far-reaching impact on class-action lawsuits involving audit reports. The U.S. Court of Appeals for the Second Circuit affirmed last Friday prior rulings in a securities class-action lawsuit against Moore Stephens Hong Kong for its audits of Puda Coal, a publicly traded, U.S.-listed …