A Georgia jury Tuesday dunned PricewaterhouseCoopers $10 million for negligent misrepresentation but rejected civil allegations of fraud and racketeering against the accounting firm. The suit was brought by entrepreneurs Stiles A. Kellett Jr. and Samuel B. Kellett, who had claimed that they sustained $126 million in stock losses after they merged their nursing home firm, Convalescent Services Inc., with The Mariner Health Group. on the advice of PwC.
Jury Says PricewaterhouseCoopers Should Pay $10M
February 7, 2007
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