Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit

The liquidators of China Evergrande Group are seeking 57 billion yuan (US$8.4 billion) from three PricewaterhouseCoopers (PwC) entities in one of the largest corporate lawsuit claims in Hong Kong, arguing the firm’s global coordinating arm assumed responsibility for audits linked to the collapsed developer’s accounting scandal. Evergrande’s liquidators, Tiffany Wong and Eddie Middleton of Alvarez & Marsal, were seeking 57 billion yuan from PwC International, PwC Hong Kong and PwC China jointl...

By Peggy Ye