New York prosecutors sued Ernst & Young, accusing the accounting firm of helping to hide Lehman Brothers Holdings Inc’s financial problems, the first major government legal action stemming from the Wall Street bank’s 2008 downfall. The civil fraud case seeks more than $150 million in fees that Ernst & Young received from 2001 to 2008 as Lehman’s outside auditor, plus other unspecified damages.
Ernst & Young sued by NY for fraud over Lehman
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program