Former PwC Consulting Hirees Win Class Action Suit

PricewaterhouseCoopers Consulting has reached a financial settlement with 273 consultants who were hired but not employed by the consulting firm.

The settlement came as a result of a class action suit filed in Washington D.C. Superior Court last fall. Megan Secrest, lead plaintiff in the case, was hired by the Washington D.C. office of PwC in 2001. After moving to D.C. she was informed there was no job. She received no compensation from PwC, not even her $7,000 signing bonus that was part of the employment contract.

Ms. Secrest contacted others who ultimately became members of the class action using addresses she found in a congratulatory mailing PwC Consulting had sent to newly hired consultants. She was able to add 272 members to the class and a lawsuit was filed.

Under the terms of the settlement, PwC Consulting agrees to pay each plaintiff approximately 90 percent of the signing bonus that was originally part of each consultant's employment agreement. Bonus amounts range from $3,000 to $7,000. In addition PwC Consulting will pay attorney fees for the class amounting to $363,000.

"I'm proud because we showed that even a big company should have to honor their commitments," said Ms. Secrest.

IBM acquired PwC Consulting last year. IBM is not a party to the lawsuit.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Already a member? log in here.

Upcoming CPE Webinars

Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.