The multibillion-dollar fight between the bankruptcy administrator for MF Global and PricewaterhouseCoopers over accounting for European sovereign debt has been settled midtrial.
The settlement was reached late Wednesday and the parties informed Judge Victor Marrero Thursday morning. Terms of the deal were not disclosed and there is no indication how much PricewaterhouseCoopers paid to settle accounting malpractice claims for its role in advising the doomed MF Global and its then-head Jon Corzine on how to book the purchase of the debt of five European countries in 2010 and 2011.
