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Canadian court throws out Fairfield funds’ suit against PwC

By Jack Barton

15 June 2017

Canadian court throws out Fairfield funds’ suit against PwC Toronto iStock.com/HonestTraveller

A Toronto court has found that investment vehicle Fairfield Sentry, a victim of the Bernie Madoff fraud to the tune of US$7 billion, has no case against its auditors PricewaterhouseCoopers because alleged failures on the consultancy’s part resulted in a net benefit to the fund.