Imputation and In Pari Delicto Defenses in AHERF v. PWC
June 22, 2010
When a once high-flying company suddenly fails amid accusations of fraud and mismanagement by company insiders, litigation is sure to follow. The company or others standing in the shoes of the company, such as trustees or receivers will often file claims against accountants, banks, attorneys and other professional service providers alleging that these entities caused the destruction of the company. The stakes in such cases can be high, with the company claiming hundreds of millions if not billions of dollars in damages.
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