Stephen D. Phillips obtained a $10,000,000 settlement against PriceWaterhouseCoopers in an  Accounting Malpractice case.

Our clients invested in a company, Appiant Technologies, that produced a product which produced a fax, e-mail, and phone message from a single phone call. Within a year after they invested it was discovered that they investment notes used by the company, and approved by the accountants, PriceWaterhouseCoopers was worded in a way that made additional investment in the company much more difficult. As a result the company failed and the plaintiffs lost their money.  The Plaintiff investors alleged that had they known the true effect of the language of the investment notes they never would have invested in the company.