Should Ernst & Young be held responsible for the bad actions of Lehman Brothers? New York Attorney General Andrew Cuomo, who Tuesday slapped the Big Four audit firm with civil fraud charges, thinks so. But it’s not an easy ques…
Over the last 11 years, Asia’s IPO market has ascended while the U.S. market has imploded. Led by China, which has raised $76 billion through IPOs in 2010, Asia’s share of global IPOs has increased from 12% in 1999 to 66%. Mean…
New York’s highest court just gave a big gift to accountants, lawyers, and any other outside professional in a position to detect fraud at one of their corporate clients: The court ruled that shareholders still can’t sue them f…
A Belgian court has convicted Jo Lernout and Pol Hauspie, the founders of the once high-flying speech recognition software company Lernout & Hauspie Speech Products, of fraud for using a variety of means to artificially inflate…