PricewaterhouseCoopers plans to fight a $120 million jury award to creditors of defunct Ambassador Insurance Co.

"The verdict is inconsistent with the facts," said PwC spokesman Steven G. Silber, in a statement. "We intend to challenge." The accounting firm was the successor of Coopers & Lybrand, a firm that the state of Vermont, where Ambassador was incorporated, accused of negligent audits.

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