PwC

Corporate Travel Management and auditor PricewaterhouseCoopers face a second class action investigation after an 85 per cent drop in the travel agency's share price following a year-long trading suspension.

Corporate Travel Management and PricewaterhouseCoopers may face a class action over financial misreporting after the travel management company said in April that it would reverse $220 million in revenue after a review found it had overcharged customers. 

Hitting back at trial in a shareholder class action, software company Nuix has told a judge it was “completely unfounded” to allege auditor PwC did not push back on management’s claims about its budget.

A shareholder class action against Nuix has argued that its IPO should never have gone ahead, taking the court to email exchanges about its history of disappointing results, which the tech company's former CFO called "worse than terrible".

Several entitles in the Cottle family group, which owns construction company FDC Construction & Fitout, have won more time to serve a $280 million negligence suit on accounting firms Nexia and PricewaterhouseCoopers over more than two decades of tax and financial advice.

The executor of a $100 million estate is amending its case against PricewaterhouseCoopers that alleges the firm gave negligent advice and acted with a conflict of interest while advising on tax liabilities.

ASIC is investigating Corporate Travel Management and its auditor PwC, after the travel management company said it would reverse $220 million in revenue after a review found it had overcharged customers. 

A senator has slammed companies for abusing legal professional privilege, after hearing that KPMG has refused to hand over documents in an ASIC investigation into misuse of client information by KPMG auditors.

Former Carlton president and PwC chief executive officer Luke Sayers has rejected claims in a lawsuit by his wife that he defamed her and invaded her privacy in response to probes over an explicit photo.

Pinsent Masons has lured a PwC partner to bolster its energy offering in Melbourne.