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PwC to pay $8.25M to settle class action over bond prospectus
Class Actions 2024-07-03 11:30 pm By Cat Fredenburgh

PricewaterhouseCoopers has agreed to pay $8.25 million to settle a class action on behalf of Axsesstoday bondholders over an allegedly misleading bond prospectus, bringing the settlement total to $9.5 million after a group of insurers agreed to pay $1 million to settle the class action’s claims.

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Report calls for stricter oversight of consulting firms in wake of PwC tax scandal
Policy and Regulation 2024-06-12 11:40 pm By Cat Fredenburgh

A Senate report into the government’s use of consultants, launched in the wake of PwC’s leak of confidential Treasury information, has recommended an inquiry into whether partnerships should be subject to the same regulations as corporations and again called on PwC to release the names of all those involved in the leak of confidential government information.

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PwC director should not have relied on co-worker’s text message in resigning: FWC
Employment 2024-06-06 11:39 pm By Andy Sidler

The Fair Work Commission has found a former PricewaterhouseCoopers director should not have relied solely on a colleague’s text message in deciding to resign while on leave, rejecting her argument that the accounting firm had essentially forced her resignation.

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Rugby Australia faces potential court action over Melbourne Rebels axing
Sports 2024-05-30 11:23 pm By Andy Sidler

Rugby Australia faces a possible legal fight following its decision to bar the Melbourne Rebels from participating in the 2025 Ruper rugby Pacific competition, after a private consortium failed to convince the league of the Rebels’ financial viability. 

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PwC, former acting CEO sued for defamation by ousted partner
Tax 2024-05-29 11:24 pm By Christine Caulfield

A former PricewaterhouseCoopers partner has brought defamation proceedings over public statements he alleges falsely linked him to the tax leaks scandal that rocked the professional services firm last year.

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Noumi, ASIC fight ruling that privilege over PwC report waived during probe
Appeals 2024-05-28 11:27 pm By Cat Fredenburgh

Noumi and ASIC are challenging a finding that the food manufacturer waived legal professional privilege over a PricewaterhouseCoopers report commissioned by its lawyers at Ashurst by disclosing the report during an ASIC investigation.

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PwC faces negligence case over tax liability for $100M estate
Tax 2024-05-21 12:47 pm By Cindy Cameronne

PricewaterhouseCoopers is facing a lawsuit by the executor of a deceased estate alleging the accounting firm gave negligent advice and acted with a conflict of interest while advising on tax liabilities for the deceased’s $100 million in assets.

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Insurers for failed finance lender Axsesstoday settle class action claims
Class Actions 2024-05-06 2:00 pm By Christine Caulfield

A class action against failed asset finance lender Axsesstoday and auditor PricewaterhouseCoopers has reached an in-principle settlement with the lender’s insurers.

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PwC says it’s not liable for employee’s alleged sexual harassment at Sydney bars
Employment 2024-05-02 2:53 pm By Sam Matthews

PricewaterhouseCoopers has struck back at claims in a Fair Work suit brought by a graduate associate, denying liability for the alleged sexual harassment by the woman’s manager at multiple Sydney bars.

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PwC says former senior associate was not axed for bullying complaints
Employment 2024-04-30 11:17 pm By Sam Matthews

PricewaterhouseCoopers has hit back at an employment suit filed by a former senior associate, saying the decision to terminate her employment was “entirely unrelated” to complaints she made about a supervisor’s “repeated bullying”.

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