An accounting firm, PricewaterhouseCoopers, has settled an investor class action lawsuit and agreed to pay $25.5 million after it was claimed that its audits did not to stop a large accounting fraud incident.

The lawsuit involved a 2009 lawsuit that stated that the founder and chairman of India’s Satyam Computer Services Ltd. had overstated their cash balance by over a $1 billion in a five year period.

The suit was settled by mediator and states that Pwc will pay $7.5 million a month to U.S. regulators for inadequately auditing the accounting firm. The Indian government took over the company after the incident occurred and the company settled a class action in February for the founder to pay $125 million to settle charges with the Securities and Exchange Commission.

If you or a loved one has been the victim of securities fraud, contact the securities fraud class action lawyers of Feazell & Tighe, LLP by calling 877-508-0588.