Auditor Settles Claims Over $7M Charter School Bond

Law360, New York (January 27, 2012, 5:56 PM EST) -- Darnell & Meyering PC, an auditor involved in a troubled $7 million bond issue for a Michigan charter school, on Friday settled Michigan federal court claims by a group of investment funds that the auditor had signed off on false financial statements related to the issue.

U.S. District Judge Stephen J. Murphy III dismissed with prejudice all claims against the firm by the municipal bond funds for Wells Fargo, Lord Abbett & Co. and Pioneer Investment Management Inc.

Darnell & Meyering was among several defendants that...
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