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Price Waterhouse Coopers

BUSINESS
December 10, 1999 | Associated Press
The Treasury Department effectively shut down a corporate tax- shelter arrangement being marketed by major accounting firms. The arrangement is marketed by PricewaterhouseCoopers and other Big Five accounting firms under the acronym BOSS, or bond option and sales strategy. Under BOSS, a foreign corporation is formed and two partners contribute money in return for stock. The corporation also borrows money from a bank with a guarantee of additional securities equal to the loan.
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BUSINESS
September 7, 1999
Opus West Corp. has signed accounting firm PricewaterhouseCoopers to a 10-year, $22-million lease for more than 69,000 square feet of space on three floors at Opus Center Irvine, a 12-story, 267,000-square-foot office tower at Main Street and MacArthur Boulevard in Irvine. The move will consolidate the accounting firm's two Orange County locations at the new office building, which is scheduled to open in October.
BUSINESS
January 15, 1999 | Bloomberg News
PricewaterhouseCoopers, the world's largest accounting firm, settled charges that its executives and pension fund compromised the firm's independence by buying stock in more than 70 companies it was auditing. The Securities and Exchange Commission, which filed the charges, said the New York-based company agreed to pay $2.5 million to set up an education fund to promote industrywide awareness of an auditor's obligation to avoid conflicts of interest.
BUSINESS
July 16, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Two Medieval Times franchises have filed a lawsuit against Coopers & Lybrand LLP, claiming that the accounting firm gave professional advice that forced the themed restaurants into bankruptcy. In the lawsuit, filed Monday in Orange County Superior Court, Medieval Dinner & Tournament Inc. of Buena Park, and Medieval Show Inc. of Florida claim federal and state tax authorities assessed more than $90 million in taxes and penalties against the franchises as a result of Coopers & Lybrand's advice.
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