NEW YORK - A Phoenix court has called for the retrial of a negligence case that resulted in a $338 million judgment against Price Waterhouse.

Last May a state jury in Phoenix found the accounting company negligent in its audits of United Bank of Arizona. It ordered Price to pay the judgment to Standard Chartered PLC, which acquired United Bank subsequent to the audits.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.