PwC

Professional services giant PricewaterhouseCoopers has hit back at a class action over a $50 million prospectus for Axsesstoday, filing a cross-claim against the asset finance lender and saying it “takes no responsibility” for allegedly defective offer documents.

Accounting firm PricewaterhouseCoopers is facing claims of professional negligence by insolvent tertiary education provider Cornerstone for allegedly assisting the company's former director in overstating the company's revenue and unlawfully extinguishing his debt.

Assessing claims of privilege involving multidisciplinary firms like PricewaterhouseCoopers that offer legal and accounting services is "inherently awkward", a court heard on the final day of a hearing in a privilege battle between the accounting firm and the ATO.

Chinese lender Aoyin must pay PricewaterhouseCoopers' legal costs for a vacated trial after Aoyin's eleventh hour decision to join Baker McKenzie to a $10 million cross-claim in a dispute concerning the accounting firm's advice on its failed bid to launch the first Chinese incorporated bank in Australia.

A PwC partner who the ATO claims was assigned to work on a matter for meat processing company JBS to bring a “cloak of legal privilege” kept a supporting role on the brief despite the company CFO’s dissatisfaction, a court has heard.

A PwC partner who the ATO claims was assigned to work on a matter for meat processing company JBS to bring a "cloak of legal privilege" earned hundreds of dollars less per hour than his non-lawyer assistants, a court has heard.

Meat processing company and former PricewaterhouseCoopers client JBS has slammed as a “nightmare to the rule of law” a claim by the Commissioner of Taxation that the accounting giant’s internal protocols destroyed the company’s lawyer-client relationship.

Accounting giant PricewaterhouseCoopers used one of its legally qualified partners as a "postbox" to provide a "cloak of privilege" to work conducted for meat processing company JBS, the Commissioner of Taxation has told the Federal Court.

The applicant in a class action against PricewaterhouseCoopers over a $50 million bond prospectus for asset finance lender Axsesstoday has dropped claims accusing the accounting giant of being involved in the company's alleged misrepresentations.

A settlement has been reached in a Murray Darling wine making family's lawsuit accusing PricewaterhouseCoopers of providing bad unsolicited tax advice that caused them more than $200,000 in losses.