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Thabault v. Chait: completing the Third Circuit's deepening insolvency trilogy

  • Jones Day
  • -
  • USA
  • -
  • March 6 2009

When the United States Court of Appeals for the Third Circuit decided Thabault v. Chait, 541 F.3d 512 (3d Cir. 2008), in September 2008, it was the most significant accounting malpractice decision of last year and perhaps the most significant damages case in the last 20 years

Court of appeals affirms auditing malpractice judgment against PwC

  • Jones Day
  • -
  • USA
  • -
  • September 15 2008

On September 9, 2008, the United States Court of Appeals for the Third Circuit in Philadelphia affirmed a $119.9 million jury verdict and $182.9 million judgment entered in 2005 by a New Jersey federal trial court against the accounting firm PricewaterhouseCoopers, LLP ("PwC"