Anyone remember Frederick Darren Berg? He's a guy who had a thing – nay, a […]
Tag: Lawsuits
City of Dixon Sues Auditors Over…Ya Know
That money isn't going to find itself now, is it? An attorney for the city […]
Baker Tilly Found Liable in Aqua Finance Lawsuit; Ordered to Pay $50 Million
This slipped by us last week, but after noting last Thursday morning that a lawsuit […]
Here’s an Unflattering Statement About Deloitte’s Auditing Ability
Courtesy of lawyers representing The Iowa Public Employees’ Retirement System, who are suing the Green Dot […]
The Distaste for IRS’ Tax Preparer Regulations Has Reached Its Apex
The only question is, why did it took take so long? A nonprofit group plans […]
Should You Join the Class Action Overtime Lawsuit Against Your Accounting Firm?
Wage and hour lawsuits against Big 4 firms have been part of our coverage since […]
What Pippins v. KPMG Could Mean for Your Firm
Ed. note: This post is republished from AccountingWEB. Any employer who has faced potential class […]
Memo to Audit Firms: If Steven Thomas Sues You, That Means You Really Screwed Up
If you've been reading Going Concern for a while, you have probably heard the name […]
PwC Is the Real Victim in This Whole Satyam Suing the Crap Out of Everyone Situation, Says PwC
The Indian Enron fuckshow otherwise known as Satyam has seemingly been in our lives since […]
New York Court Invites All KPMG Audit Associates to Play in Overtime Lawsuit
Law firm Outten & Golden has issued a press release today announcing any House of […]
Latest Madoff Lawsuit Filed Against Ernst & Young Is Refreshingly Brief
Bloomberg reports, that E&Y was sued for “negligence, malpractice and breach of contract in connection with audits of financial statements over a five- year period,” which sounds like the standard fair in these matters. The pleasant surprise being the brevity of the suit. “The two-page filing doesn’t provide any details of the allegations against Ernst & Young,” which may cause you to wonder if it’s really just a one-page lawsuit (unthinkable, I know) with the second page simply stating, “This page is intentionally left blank.” Of course the downside here (aside from another lawsuit being lumped on the pile) is that E&Y’s lawyers won’t get a chance to rack up many billable hours just yet. Which is to say, there is no downside. [Bloomberg, Earlier]
New Jersey Hasn’t Forgiven Ernst & Young for the Whole Lehman Brothers Thing
I mean, you know how it is, when you lose $192 million. It’s a tough thing to forget. The Journal reports that the Garden State has renewed its lawsuit against E&Y saying “Those review reports were false, as E&Y knew or should have known that Lehman’s quarterly financial statements were not prepared in accordance with [GAAP].” When reached for comment, E&Y spokesman Charlie Perkins’s voice was barely audible on a nearly worn out tape recording, “Lehman’s demise was caused by the global financial crisis that impacted the entire financial sector, not by accounting or financial reporting issues.” Wouldn’t it be nice if Chuck had Nick DeSanto sing the statement? With a rock accompaniment? At least it would liven up this story again. [WSJ]