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To: Buckey who wrote (4766)1/27/2011 9:28:03 PM
From: SteveFRead Replies (2) | Respond to of 53574
 
Ernst: they missed $2.5 Billion worth of accounting fraud at Healthsouth and cooked Lehman Bros' books until it collapsed.

One of the largest (if not the largest) settlements ever paid by an accounting firm in a securities fraud lawsuit was paid by Ernst to Cendant shareholders ($335 million).

ey.com

Ernst & Young refers to one or more of the member firms of Ernst & Young Global Limited (EYG), a UK private company limited by guarantee. EYG is the principal governance entity of the global Ernst & Young organization and does not provide any services to clients. Services are provided by EYG member firms. Each of EYG and its member firms is a separate legal entity and has no liability for another such entity's acts or omissions. Certain content on this site may have been prepared by one or more EYG member firms.