Auditor Spared In National Century MDL

Law360, New York (August 14, 2007, 12:00 AM EDT) -- In the multidistrict shareholder action against health care financier National Century Financial Enterprises Inc., a federal judge has tossed two putative class actions’ claims against R.J. Gold, the auditor of one of its subsidiaries.

R.J. Gold, according to Judge James Graham’s order, had for a time been the auditor for Chartwell Diversified Services Inc., a privately owned health care company that National Century acquired in 2000.

But according to the two complaints at issue, National Century failed to announce in 2000 that it also owned a...
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