Court allows Evergrande PwC suit
A Hong Kong court ruled that Evergrande liquidators can pursue a multi-billion dollar claim against PwC International over auditing work. PwC disagreed with the decision while liquidators welcomed it.
A Hong Kong court dismissed PwC International's bid to exit a 57 billion yuan ($8.48 billion) negligence lawsuit filed by liquidators on Wednesday afternoon. The legal action targets auditing work performed across PwC's global network and local affiliates. The ruling keeps the international network in the multi-billion-dollar litigation over the collapse of China Evergrande.
