When accounting goes unaccounted for
EY settled its litigation with the New York Attorney General today, paying $10 million to make Eric Schneiderman go away. The suit was originally brought by now-New York Governor Andrew Cuomo over four years ago.
EY claims that this was the “last significant lawsuit” remaining and said, “After many years of costly litigation, we are pleased to put this matter behind us, with no findings of wrongdoing by EY or any of its professionals.”
[Reuters]
Here’s an interesting bit of news that dropped in our inbox earlier: EY is offering lump-sum pension buyouts to former employees. There are conditions, of course. To be eligible, an individual must have left the firm prior to January 1, 2016 and won’t be receiving benefits as of June 1, 2016 when the opt-in period begins.
Not to be outdone by PwC’s addition of 180 partners the other day, EY has internally announced the admission of 295 new partners, 170 new executive directors and 31 new directors. Dang, son, slow it down over there.
The email that went out to EYers was standard congratulations, we are so excited, exclamation point exclamation point blah blah:
“I didn’t feel I had a choice. I had to fight for justice. And any […]