UPDATE 1-PwC to pay $65 mln to resolve lawsuit over MF Global

April 17, 2015 8:10 PM

53 0

NEW YORK, April 17 (Reuters) - PricewaterhouseCoopers agreed to pay $65 million in cash to settle a lawsuit claiming it fraudulently deceived MF Global Holdings Ltd investors about its auditing of the now-defunct brokerage, which was run by former New Jersey Governor Jon Corzine.

The preliminary settlement with investors in MF Global's common stock, bonds and convertible debt was disclosed in papers filed on Friday with the U.S. District Court in Manhattan, and requires court approval.

Also read: GM posts best 3Q results since exiting bankruptcy

Read more

To category page