PwC to face MF Global lawsuit

Gavel Jason Morrison

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1bn lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global, a brokerage run by former New Jersey Governor Jon Corzine.

Deutsche Bank's co-CEO could face charges

Deutsche Bank - Foyer Bridge

German prosecutors are seeking charges against Deutsche Bank co-CEO Juergen Fitschen and several former executives at the bank in connection with the long-running Kirch bankruptcy case, legal sources said on Tuesday.

Lehman Brothers' recovery vindicates $2bn fee bankruptcy

Harvey Miller, the lawyer guiding Lehman Brothers Holdings through the biggest-ever U.S. bankruptcy, sipped a cappuccino at a tourist-filled cafe near Manhattan’s Central Park and reflected on how his client’s collapse five years ago went from unthinkable to inevitable.