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Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon

These materials are for a Special Meeting of Shareholders of Emerging Markets Series (the “Fund”), a series of Templeton Institutional Funds (the “Trust”), scheduled for October 30, 2017, at 10:00 a.m.

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l.l Prior to August 14, 2009, Colonial Bank (the ”Bank") was a state, nonmember depository institution organized and existing under the laws of the State of Alabama. l.2 On August 14, 2009, the Bank was dosed by the Alabama State Department of

PwC was the outside auditor for Colonial’s bank holding company, and gave colonial clean audits that blessed its financial statements for years. The FDIC and the Colonial trustee had alleged PwC was negligent in not detecting the fraud scheme, and they sued the firm in 2012 and 2011, respectively.

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These materials are for a Special Meeting of Shareholders of Templeton Frontier Markets Fund (the “Fund”), a series of Templeton Global Investment Trust (the “Trust”), scheduled for October 30, 2017,

PWC was the independent auditor for Colonial BancGroup, the parent company of Alabama’s Colonial Bank, which collapsed in 2009 after the discovery of a $2 billion fraud.

He also rejected PwC’s argument that the negligence claim against it must be dismissed because Colonial’s own negligence played a role in its fate, saying that is a question of fact for a jury.

Judge Determines that PricewaterhouseCoopers was Negligent in Colonial Bank Auditing Case – Constantine Cannon K9 Dogs and MWDs Face Routine Abuse as Part of the Job 71 Republic The runners up: 26-100 – Forced to raise his son alone, Ted loses his job but gains a stronger. pride and faith help him face the oppression of turn-of-the century.

Auditing Practice-case study 6 PricewaterhouseCoopers LLP was negligent in connection with one of the biggest bank failures of the financial crisis, a federal judge has ruled, opening up the Big Four accounting firm to the.

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