PHILADELPHIA AP - A federal appeals court has upheld a $183 million malpractice award against accounting giant PricewaterhouseCoopers stemming from audits of a collapsed insurance company.The money will go to policy holders, claimants and other creditors of Ambassador Insurance Co., which was deemed insolvent and seized by Vermont's insurance department in 1983.
September 11, 2008 at 12:00 AM
1 minute read
PHILADELPHIA AP – A federal appeals court has upheld a $183 million malpractice award against accounting giant PricewaterhouseCoopers stemming from audits of a collapsed insurance company.
The money will go to policy holders, claimants and other creditors of Ambassador Insurance Co., which was deemed insolvent and seized by Vermont’s insurance department in 1983.
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