The story of Ernst & Young LLP
U.S. firm of the EY network.
Ernst & Young LLP. U.S. firm of the EY network.
25 Mar 2010
Ernst & Young LLP disputes a finding of Examiner’s Report on Lehman Brothers (Valukas).
EY’s last audit of Lehman was for the year ended 30 November 2007; it reviewed but did not audit the interim periods of fiscal 2008.
According to Ernst & Young LLP. This is one side’s account, not established fact.
Each side is quoted in its own words. Whether a finding holds is not decided here.
15 Apr 2015
Ernst & Young LLP settled with New York State Attorney General. $10M, settled New York’s civil lawsuit (filed December 2010); EY said there were “no findings of wrongdoing”.
The suit alleged EY helped Lehman hide financial problems; it was a civil suit, not a criminal charge. EY separately agreed in December 2013 to pay $99 million to settle a federal class action by Lehman investors, and denied all liability to the plaintiffs.
28 Jun 2022
Ernst & Young LLP settled with the U.S. Securities and Exchange Commission. $100M, EY admitted the charges.
Ernst & Young LLP, contracts from Lehman Brothers.
Ernst & Young LLP, member of EY.
7 sourced connections, each with its evidence. Open the explorer to follow any of them further, filter by lens, or move through time.
Drawn from the sourced links on Ernst & Young LLP. Change a link and this story changes with it.
Pictures, from Wikimedia Commons: U.S. Securities and Exchange Commission, Don Ramey Logan, CC BY 4.0; Lehman Brothers, David Shankbone, CC BY-SA 3.0.
