Delaware Supreme Court Dismisses Claims Against PricewaterhouseCoopers

Teachers' Retirement System of Louisiana v. PricewaterhouseCoopers LLP, Del. Supr., No. 454, 2009 (Jan. 3, 2011), read Order here. The Delaware Supreme Court affirmed the decision of the Chancery Court to dismiss claims against PwC, based on the New York law regarding the somewhat arcane concept...

PricewaterhouseCoopers Prevails In Decision On AIG “In Pari Delicto” Case

The Supreme Court of the State of Delaware issued an opinion on January 3rd, 2011 affirming the dismissal of claims against PricewaterhouseCoopers (PwC) in the Teachers Retirement System of Louisiana derivative suit. This suit, as described further below, relates to an earlier fraud case at AIG. ...