No stranger to big bets, hedge-fund founder Nader Tavakoli is making perhaps his boldest bet yet—that he can win a $3 billion malpractice suit against a Big Four accounting firm. Mr. Tavakoli, who practiced law at a white-shoe firm before jumping to hedge funds, is the driving force behind a lawsuit that says PricewaterhouseCoopers and its allegedly “flatly erroneous accounting advice” is partly to blame for the 2011 collapse of...

Source: Wall Street Journal March 06, 2017 10:52 UTC