Steven Thomas

PwC Has Had Enough Courtroom Fun

PwC is settling the lawsuit brought by the bankruptcy trustee of mortgage behemoth Taylor, Bean & Whitaker, putting speculation to rest that a verdict in the $5.5 billion lawsuit for the plaintiff could be the beginning of the end for the firm.

PwC Defense Attorney Putting a Lot of Faith in a Florida Jury

Starting Monday, PwC will go trial in Florida over a financial crisis-era case. The plaintiff is the bankruptcy trustee for Taylor Bean and Whitaker Mortgage Corp, who is seeking $5.5 billion in damages, claiming that "PwC was negligent in not detecting a massive fraud scheme that brought down Taylor Bean and helped trigger the 2009 […]

Deloitte Satisfied with Size of Check It’ll Cut to Settle Taylor Bean & Whitaker Lawsuit

The Green Dot blinks: Breaking: Attorney Steven Thomas says lawsuit by Taylor Bean & Whitaker bk trustee vs Deloitte settled "mutual satisfaction of parties". — Francine McKenna (@retheauditors) October 3, 2013 I've confirmed Francine's account with Mr. Thomas. Deloitte has not responded to our email requesting for comment. I spoke to Steven Thomas a few […]

Memo to Audit Firms: If Steven Thomas Sues You, That Means You Really Screwed Up

If you've been reading Going Concern for a while, you have probably heard the name Steven Thomas. If you're unfamiliar, he's a partner at the law firm of Thomas, Alexander & Forrester in Vencie, California and he's done quite all right for himself by suing auditors. Big auditors. He served as lead counsel for the plaintiffs in […]