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PricewaterhouseCoopers Added As Defendant in MF Global Customer Lawsuit

Lawyers representing customers of MF Global Holdings Ltd. MFGLQ +3.13% added accounting firm PricewaterhouseCoopers LLP to a civil lawsuit against former executives of the failed securities firm, saying PwC failed to adequately audit MF Global’s internal controls. The amended suit, filed in a New York federal court Monday, reiterated accusations that Jon S. Corzine, MF Global’s former chief executive, and other officials at the commodities and securities brokerage firm breached their fiduciary duty to MF Global customers and violated the Commodity Exchange Act. But it also added a player with deep pockets to the mix as customers continue to try to recover an estimated $1.6 billion that went missing from their accounts when MF Global filed for bankruptcy on Oct. 31, 2011. More in the Wall Street Journal here.

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