PwC Fails In Bid To Toss FDIC's $1B Negligence Suit

By Matthew Villmer ( September 10, 2013, 8:11 PM EDT) -- An Alabama federal judge on Tuesday refused to dismiss an Federal Deposit Insurance Corp. lawsuit against PricewaterhouseCoopers LLP over its auditing of Colonial Bank, which collapsed after the bank became ensnared in the massive Taylor Bean & Whitaker Mortgage Corp. mortgage fraud scheme....

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