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Company: Bridging Finance Inc.

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Court.

Regulator charges that executives allegedly diverted funds to themselves, their firm

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PwC was given the go-ahead to reject outside bids and proceed with the wind-down

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Amid last minute "chaos," liquidation hearing pushed to March

Business lawyer team. Working together of lawyer in the meeting.

PwC seeks court approval to abandon the firm's sale and continue liquidation

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PwC to make recommendation to court by mid-February

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Deadline for sale process extended to Feb. 28

  • By: IE Staff
  • December 23, 2021 December 23, 2021
  • 09:32
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Court filings indicate losses could top $580 million

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Receiver reports that funds' former auditor retracted two years of audit reports

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PwC says KPMG stepped down as funds' auditor earlier this month

The firm has five "primary" bidders, with six others targeting certain loans