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.
February 07, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A Cobb County, Ga., jury Tuesday dunned PricewaterhouseCoopers $10 million for negligent misrepresentation but rejected civil allegations of fraud and racketeering against the accounting firm.
The jury also rejected claims including racketeering, fraud, breach of fiduciary duty and negligent misrepresentation against a PricewaterhouseCoopers partner and three former executives of a Boston-based nursing home conglomerate.
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