Hancock, PwC lawsuit changing venue
Published: January 21,2010
BALDWYN — A federal judge has ordered Hancock Fabrics’ lawsuit against its accountants moved to Delaware.
Hancock and PricewaterhouseCoopers (PwC) are incorporated in Delaware.
The Northeast Mississippi Daily Journal reports U.S. District Judge Michael P. Mills in Oxford issued the order this past week.
The accounting firm argued issues Hancock raised against it belonged with the same court over Hancock’s bankruptcy.
Hancock filed for Chapter 11 protection in Delaware Bankruptcy Court in March 2007. PwC was listed as an unsecured creditor.
The company exited bankruptcy protection in Aug. 2008.
In March 2009, Baldwyn-based Hancock sued PwC in Lee County, alleging its former accountants’ decisions contributed to its financial woes. PwC moved the lawsuit to federal court and asked for the transfer.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal