Auditor Not Liable In Keystone's Downfall: Court

By Erin Coe (February 8, 2008, 12:00 AM EST) -- A federal appeals court has rejected a ruling by federal regulators that Grant Thornton LLP bore responsibility in the former First National Bank of Keystone's financial meltdown. The U.S. Court of Appeals for the D.C. Circuit found that, as an external auditor, the auditor was not conducting the bank's business....

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