Financial Accounting Blog

Thursday, June 03, 2004 reports that PWC has settled the Raytheon case for $50 million.
Plaintiffs were reportedly eyeing PwC's lead partner on its work for Raytheon; he's now the defense contractor's chief financial officer.

PricewaterhouseCoopers LLP agreed to pay $50 million to settle charges that it helped Raytheon Co. hide cost overruns five years ago, according to the Boston Globe