Evergrande Liquidators Start Legal Action Against PwC: FT

Evergrande’s liquidators have launched court proceedings against PwC over its “negligence” and “misrepresentation” in auditing work for the developer, the Financial Times reports, citing court documents.

• Liquidators started the legal process against PwC Hong Kong and its China arm PwC Zhong Tian in March
  • Also started court proceedings against CBRE and Avista Valuation Advisory over their valuation reports for Evergrande and its subsidiaries in 2018
• PwC and CBRE declined to comment: FT
• Avista did not immediately respond to FT’s request for comment
• NOTE: Evergrande Seeks to Recover $6 Billion From Seven Defendants

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