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March 30, 2009

Observer: HSBC, E&Y, PwC named in Madoff suit

By Spear's

British Bank HSBC and accountants Ernst & Young and PricewaterhouseCoopers have been named as defendants in a $3bn class-action suit filed in New York by investors in offshore hedge funds who fell victim to disgraced investor Bernard Madoff.

From the Observer:

British Bank HSBC and accountants Ernst & Young and PricewaterhouseCoopers have been named as defendants in a $3bn class-action suit filed in New York by investors in offshore hedge funds who fell victim to disgraced investor Bernard Madoff.
The lawsuit is the latest in a long line of legal actions filed by angry Madoff victims desperate to claw back billions of dollars of lost funds.

To read the full story, visit guardian.co.uk

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