Las Vegas Sands is now in the market for a new auditor following its admission that PricewaterhouseCoopers will no longer fill that role. In a filing submitted to the Securities and Exchange Commission, Las Vegas Sands revealed that the accountancy firm has "declined to stand for re-election" in that capacity. The cooperation between the two companies will terminate immediately after the casino operator's latest set of quarterly financial statements is finalized.

Las Vegas Sands did not provide the reason for PricewaterhouseCoopers' resignation. The two companies had had a 25-year relationship, with the latter reaping around $5.5 million in fees from its client in 2011.

The article Las Vegas Sands Parts Ways With Auditor originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Las Vegas Sands. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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edosta1697

So what is the results of the Sands court case. I have not heard a word so far.

April 27 2013 at 3:24 AM Report abuse rate up rate down Reply