Ernst & Young Loses Trial Over Audits Linked to Madoff — Bloomberg

FutureSelect Portfolio Management Inc., which sued Ernst & Young in 2010 over faulty audits of a Madoff-linked feeder fund, is entitled to recoup a portion of the $112 million it lost in its investment in the fund, the state court jury in Seattle ruled Friday. The jury found Ernst & Young liable for half of the $20.3 million in damages it awarded.

via Ernst & Young Loses Trial Over Audits Linked to Madoff — Bloomberg