Please ensure Javascript is enabled for purposes of website accessibility

EY Glad That Whole Lehman Brothers Thing Is Over

EY

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]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

EY Interns Are Going to Have the Worst Summer

It’s gonna be a lame summer for EY interns as the firm has trimmed internships down to six weeks and is withholding both Disney AND intern gifts. When it happened in winter, interns were apparently told it was “because of budgeting due to the potential split.” Now that the Project Everest split is a no-go […]

EY flags

Promotion Watch ’23: EY Promotes 966 to Partner, Missing Last Year’s Record of 1033

Undeterred by the embarrassment of Everest’s implosion, EY proudly announced today that 966 people have been promoted to partner across the globe. That’s down from the record 1,033 promoted to partner in 2022. The obligatory press release makes sure to mention that these promotions reflect continued growth and strong business performance by the organization. In […]