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Ernst & Young Pays $10 Million To Settle Lehman Brothers Audit Failure Lawsuit
Chatterjee, Pratap http://www.corpwatch.org/article.php?id=16019
Publisher: www.corpwatch.org
Date Written: 16/04/2015
Year Published: 2015
Resource Type: Article
Ernst & Young, one of the Big Four auditing firms, has agreed to pay a $10 million to New York state to settle a lawsuit for overlooking accounting gimmicks by Lehman Brothers, the defunct Wall Street bank. The scheme allowed Lehman to hide billions of dollars in bad deals.
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