Content area
Full Text
Auditor Liability
The Delaware Chancery Court Feb. 10 allowed investors to proceed with breach of fiduciary duty claims that former American International Group chief Maurice Greenberg and an inner circle of directors engaged in a massive financial fraud scam that reduced stockholder equity by $3.5 billion. However, the court dismissed claims against AI G 's outside auditor Pricewaterhouse Coopers (American International Group Inc. Consolidated Derivative Litigation, Del....