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PwC Settles Raytheon Case for $50 Million

PwC denied any wrongdoing in settling the case.

> > PricewaterhouseCoopers LLP agreed to pay $50 million to settle charges that it helped Raytheon Co. hide cost overruns five years ago.
Earlier this month, Raytheon agreed to pay $210 million in cash and $200 million in warrants to settle claims against the defense contractor, chief executive officer William Swanson, and former chairmen CEOs Dennis Picard and Daniel Burnham, according to press accounts. The company also denied wrongdoing.
Source: CFO


Published:2004-06-01
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