PwC liable for up to $1 billion in liquidator's lawsuit

Thu, 16 Mar 2017

By Sophie Boot March 16 (BusinessDesk) - PricewaterhouseCoopers says it's under the gun for up to $1 billion after two failed attempts to stop a lawsuit brought against it by the liquidator of a collapsed property development company. Property Ventures, directed by discharged bankrupt Christchurch businessman David Henderson, was the parent of a group of companies that failed after the global financial crisis and left a large Queenstown project unfinished. Liquidator Robert Walker launched High Court action against the company's director...

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