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Browse: Home / 2011 / December / 06 / Ernst & Young sued for $900 million over Madoff

Ernst & Young sued for $900 million over Madoff

By Securities Docket on December 6, 2011, 3:12 pm

Ernst & Young LLP has been sued for $900 million by the liquidators of a fund that once funneled money to the now-imprisoned swindler Bernard Madoff. The lawsuit, filed on behalf of M-Invest Ltd, accused Ernst & Young of negligence, professional malpractice and breach of contract over its audits for the Cayman Islands-based fund from 2003 to 2007.

Read more: Ernst & Young sued for $900 million over Madoff — News & Insight

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Posted in Industry, Top | Tagged Auditors, Madoff

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