Don't Read Docs In $1.9B Embezzlement Suit, PwC Unit Told

Law360, London (May 10, 2019, 1:30 PM BST) -- A judge at a London court has ordered a subsidiary of PricewaterhouseCoopers not to read court documents in its possession connected to a $1.9 billion claim for embezzlement filed by a Ukrainian bank against its two former owners.

Master Karen Shuman of the High Court has revoked permission for PwC Ukraine to view papers filed in a lawsuit involving its former auditing client, PrivatBank, which is one of Ukraine’s biggest commercial lenders.

PwC Ukraine wants the documents to defend itself against a separate $3 billion lawsuit brought by PrivatBank in Cyprus in 2018, in which it sought to blame the auditor for...

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