Deadline for sale process extended to Feb. 28
Court filings indicate losses could top $580 million
Simplified tax reporting was one solution floated in a report by PwC
Receiver reports that funds' former auditor retracted two years of audit reports
PwC says KPMG stepped down as funds' auditor earlier this month
The firm has five "primary" bidders, with six others targeting certain loans
The court appointed the firm based on an independent recommendation
Court gives nod to receiver's plan to find counsel for investors
Receiver to seek extension for advisory committees, approval for process to find investor counsel
Judge asks PwC to provide input on counsel for investors