Consumer and corporate activism associations Abradecont and Ibrasg both filed lawsuits against PwC in the past few days, with the former requesting a freeze on the auditor’s assets
Creditors listed may include holdings of passive funds, which have little choice in what they buy or sell, as well as names of custodians or administers that don’t necessarily own the debt
The announcement comes just eight days after the revelation of 20 billion reais in accounting “inconsistencies,” which sparked a massive sell-off in its stocks and bonds
