Ernst & Young is sued over Lehman Bros. collapse

"The lawsuit, filed by New York Atty. Gen. Andrew Cuomo, accuses the accounting giant of helping the investment bank cover up its declining health. It's one of the biggest government efforts yet to assign blame for the financial crisis... A lawsuit filed against accounting giant Ernst & Young marks one of the biggest government efforts to date to assign blame for the financial crisis."

Read the full Los Angeles Times article here.

Comments

This is a very sad news but still i am hoping that they will patch up. let the justice prevail still. - Casa Sandoval