I got a notification from Twitter the other day reminding me that it’s been 10 […]
Tag: Lehman Brothers
EY Glad That Whole Lehman Brothers Thing Is Over
EY settled its litigation with the New York Attorney General today, paying $10 million to make […]
NY State Is Serious About the Battle with EY Over Lehman Audit Fees
Not so fast, Ernst & Young. You may be able to rebrand and spout off […]
EY Still Planning to Settle With Lehman Investors, Also Still in Denial
Back in October, it was reported that EY planned to settle with Lehman Bros investors, […]
Ernst & Young, Living in Denial, Settles with Lehman Investors for $99 Million
This is rich. Michael Rapoport reports: Ernst & Young LLP has agreed to pay $99 […]
Let’s Walk Down Memory Lane with Ernst & Young and Lehman Brothers
This week, lots of people are talking about the Lehman Brothers bankruptcy because five years […]
New York Won’t Be Getting Its Mitts on Ernst & Young’s Lehman Brothers Fees
Nice try, Schneiderman. The New York attorney general has no authority to claim $150 million […]
Anyone Holding Their Breath for the SEC to Give Lehman Brothers a Slap on the Wrist Will Be Passing Out Soon
Bloomberg reports that an internal memo states that the crack squad looking at the Commission […]
Getting the Story of Lehman Brothers to Broadway Should Be Jim Turley’s Post-Retirement Passion Project
Ernst & Young Global CEO Jim Turley is being recognized for his work with the National […]
Saturday Open Thread: The FASB Is All Show, No Substance
Welcome back to Saturday, folks. Once again, Saturday Open Thread is your opportunity to air […]
Ernst & Young: Just Try and Come After Our Lehman Brothers Audit Fees
E&Y worked hard ignoring whistleblowers, goat poo assets, and cowering to unqualified CFOs to earn […]
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]