Cases & Deals

Goldin Associates successfully pursues suit against PWC for bankruptcy-related accounting malpractice

Clients Goldin Associates, L.L.C.

Goldin Associates, L.L.C., as trustee of the liquidation trust formed under the confirmed chapter 11 plan for SmarTalk TeleServices, Inc., was represented by Jones Day. SmarTalk is a company formerly engaged in the prepaid calling card business. We represented the trustee in claims against PricewaterhouseCoopers for accounting, audit and consulting malpractice for which the trustee sought over $300 million. We successfully defeated multiple motions for summary judgment and a motion for interlocutory appeal. The case was then settled with a $30.5 million payment from PricewaterhouseCoopers to our client.

In re SmarTalk TeleServices, Inc. Securities Litigation (Creditors Committee) (S.D. Ohio)

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