Securities Fraud — Auditor Liability

Yesterday, the Seventh Circuit affirmed dismissal of negligent misrepresentation, common law fraud and securities fraud claims (the latter on loss causation grounds) against PriceWaterhouse Coopers in Tricontinental Indus. Ltd. v. PwC, 2007 U.S. App. LEXIS 914 (7th Cir. Jan. 17, 2007).

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