Ex-PWC Partner Accused of ‘Shocking Breach’ Over Quiet Coffee

PricewaterhouseCoopers LLPis facing allegations of a “shocking breach” of confidentiality by one of its former partners over a “quiet coffee” with a banker.

The ex-partner held an “illicit meeting” with a banker advising law firm Slater & Gordon Ltd. spilling details of strategy and financial conditions of the then distressed Quindell Plc, now called Watchstone Group Plc., lawyers for the AIM-listed tech firm said in UK court filings.

The “outrageous nature of PwC’s conduct” in the breach, its non-disclosure, and the continued defense “makes it a paradigm case for the court to correct any more general misapprehensions ...