Aug 07, 2024 01:58 PM

BUSINESS

Evergrande Liquidators Start Legal Action Against PwC

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Signage for China Evergrande Group's Evergrande Plaza, in Hefei, Anhui province, on Nov. 26, 2023. Source: Bloomberg

Signage for China Evergrande Group's Evergrande Plaza, in Hefei, Anhui province, on Nov. 26, 2023. Source: Bloomberg

(Bloomberg) — China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property giant.

Lawyers of liquidators have started legal actions against PwC and PricewaterhouseCoopers Zhong Tian LLP, the global auditor’s Chinese mainland arm, according to Hong Kong court documents seen by Bloomberg. The lawsuit was filed in March and recently made public.

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