After a judge ruled against Pricewaterhouse Coopers LLP (PwC) on one issue related to MF Global Holdings Ltd (OTCMKTS:MFGLQ), those controlling the company in bankruptcy and trying to return funds to creditors are urging a judge not to throw out a case for alleged faulty accounting advice. MF Global doesn’t have the standing to sue PWC The Wall Street Journal is reporting that a filing last week with the U.S. District Court in Manhattan, lawyers representing MF Global’s administrator fought PwC’s argument that MF doesn’t have the standing to sue PWC. PwC’s accounting practices have been criticized as being intentionally…
MF Global Judge Asked Not To Dismiss Lawsuit Against PwC
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.