business news in context, analysis with attitude

The Detroit Free Press reports that a disgruntled group of Kmart shareholders group is suing PricewaterhouseCoopers, the company’s auditor, saying it ignored clear signals that the retailer was headed to bankruptcy even as it received millions of dollars in consulting fees.

The group hopes to have its action declared a class action suit. Kmart is not commenting.
KC's View:
Unfortunately, in the age of Enron, nothing seems impossible…