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STEPHENSON v. PRICEWATERHOUSECOOPERS, LLP

No. 09 CV 00716 (RJH).

768 F.Supp.2d 562 (2011)

G. Philip STEPHENSON, as Trustee of the Philip Stephenson Revocable Living Trust, Plaintiff, v. PRICEWATERHOUSECOOPERS, LLP (an Ontario limited liability partnership), Defendants.

United States District Court, S.D. New York.

March 6, 2011.

Attorney(s) appearing for the Case

Herbert I. Deutsch , Christian Vincent Cangiano , Jeremy Evan Deutsch , Deutsch & Frey, New York, NY, for Plaintiff.

Andrew M. Genser , Mindy M. Yu Kirkland & Ellis LLP, New York, NY, Matthew Buckley , Brenton Rogers , David Tressler , Emily Nicklin , Timothy A. Duffy , Kirkland & Ellis LLP, Chicago, IL, for Defendant.

MEMORANDUM OPINION AND ORDER

RICHARD J. HOLWELL, District Judge:

Defendant PricewaterhouseCoopers, LLP ("PWC") moves to dismiss plaintiff G. Philip Stephenson's claim that PWC's fraud caused him to lose his entire investment in Greenwich Sentry, a fund which invested in Bernard Madoff's Ponzi scheme. For the reasons that follow, the Court finds that Stephenson has not adequately alleged that PWC acted with scienter and grants PWC's motion to dismiss...

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