Deloitte Claims SEC Audit Probe Violates Chinese Law

Law360, Washington (April 11, 2013, 3:13 PM EDT) -- Deloitte Touche Tohmatsu CPA Ltd. urged a Washington federal judge on Thursday to stay the U.S. Securities Exchange Commission's attempt to procure documents from the global firm's audit of a Chinese technology firm, saying it's being forced to violate Chinese law.

Although the commission claims the documents in question are critical to its investigation of fraud at Longtop Financial Technology Ltd., Deloitte told U.S. District Judge Gladys Kessler that the SEC was singling out the firm with this case while conducting its own internal administrative proceeding...
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