So how will Ernst & Young respond to the charges filed against it by New York Attorney General Andrew Cuomo?
In his complaint filed Tuesday, Mr. Cuomo alleges that the accounting firm helped Lehman Brothers engage in “a massive accounting fraud” before it collapsed. Following the trail forged by Lehman examiner Anton Valukas of Jenner & Block, Mr. Cuomo focuses on E&Y’s handling of the controversial Repo 105 transactions. These accounting maneuvers let Lehman temporarily move debt off its books to improve its balance sheet.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
