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Ernst & Young Settles Lehman Investor Lawsuit for $99 Million – Businessweek
Ernst & Young LLP agreed to pay investors $99 million to settle litigation over its auditing of the bankrupt Lehman Brothers Holdings Inc., according to a filing in federal court in Manhattan. The accord, disclosed by plaintiffs’ lawyers in a filing yesterday in federal court in Manhattan, would resolve claims of investors who bought certain […]
Madoff Lieutenant Describes Ploy to Outwit Auditor – WSJ.com
A top lieutenant to Bernard L. Madoff explained in detailed, often colorful testimony the lengths required to maintain the firm’s massive Ponzi scheme, including one incident in which the staff put fake trading records into a refrigerator so an auditor wouldn’t be able to tell they were still warm from having just been printed. via […]