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…
Stocks closed broadly higher Tuesday, helped by more deal activity in the financial sector and upbeat earnings from the tech sector. After more than two years, the market has regained all its losses following the implosion of L…
Accounting giant Ernst & Young is expected to face civil fraud charges by New York prosecutors over its alleged role in the spectacular collapse of Lehman Brothers. The lawsuit would mark the first time a Big Four accountant ha…
Lehman Brothers bankruptcy fees are approaching $1 billion, making it the costliest in U.S. history.
Continue reading Cost of Lehman Bankruptcy Nears $1 Billion
Cost of Lehman Bankruptcy Nears $1…
The Securities and Exchange Commission has proposed rules requiring companies to disclose metrics that try to prevent balance sheet “window dressing”.
Continue reading Legal Briefing: SEC Wants to End Balance S…