Numerous issues need resolving before an initial distribution can happen
Bid to keep compelled testimony confidential was dismissed
The penalty follows allegations that he deceived lenders with fake collateral
Regulator charges that executives allegedly diverted funds to themselves, their firm
PwC was given the go-ahead to reject outside bids and proceed with the wind-down
Amid last minute "chaos," liquidation hearing pushed to March
PwC seeks court approval to abandon the firm's sale and continue liquidation
PwC to make recommendation to court by mid-February
Deadline for sale process extended to Feb. 28
Court filings indicate losses could top $580 million