3rd Circuit Asks Pa. High Court to Clarify Accountant Liability
In a case that could broadly impact liability of accounting firms in corporate cases, the 3rd Circuit has asked the Pennsylvania Supreme Court to answer questions regarding the doctrine of in pari delicto. At issue is whether the creditors' committee in the massive Allegheny Health, Education and Research Foundation hospital bankruptcy can bring claims against PricewaterhouseCoopers. The 3rd Circuit's order suggests that it might be leaning in favor of allowing claims against PwC to be revived.
