Taylor, Bean & Whitaker Plan Trust v. PwC
- Venue: Miami-Dade County Circuit Court for the Eleventh Judicial Circuit of Florida;
- Court Name: Miami-Dade County Circuit Court for the Eleventh Judicial Circuit of Florida;
- Services Provided: Trial Graphics, Persuasion Strategy, Expert Witness;
- Industry: Banking
Following one of the biggest bank collapses in US history, this closely watched lawsuit asserted that PwC was grossly negligent in its audit duty and liable for failing to catch a massive fraud between Colonial BancGroup and a top US mortgage lender. For seven years, PwC signed its name to audit reports, certifying billions of dollars in fake assets. In the largest ever auditing negligence trial, the plaintiff sought to recover $5.5 billion, plus punitive damages.