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The People of the State of New York by Eric T. Schneiderman v. Ernst & Young LLP
Case Number:
1:11-cv-00384
Court:
Nature of Suit:
Judge:
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December 12, 2012
NY AG Can't Seek $150M Lehman Fees From Ernst & Young
A New York judge on Wednesday dismissed state Attorney General Eric Schneiderman's disgorgement claim over $150 million in fees Ernst & Young LLP had earned for its work with bankrupt Lehman Brothers Holdings Inc., ruling that he had failed to prove that consumers had been defrauded or that the state had lost money.
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January 09, 2012
Ernst & Young Says NY Can't Go After Lehman Fees
Ernst & Young LLP claimed Friday that New York state had gone beyond state securities law in its quest to seize over $150 million earned by the accounting giant for its work with bankrupt Lehman Brothers Holdings Inc., the subject of a fraud lawsuit.