Ex-CEO Claims Company Ignored Auditor Warnings

Law360, New York (August 25, 2006, 12:00 AM EDT) -- Real estate developer Mills Corp. deliberately ignored warnings from its outside auditor about faulty accounting practices, according to a lawsuit filed against the company by its former CEO.

Herbert S. Miller, founder and former chief of the shopping mall developer, has slapped his former company with a lawsuit alleging that Mills cost him millions by ignoring warnings from auditor Ernst & Young.

The suit, filed in Delaware Chancery Court, claims that the company “consciously and intentionally disregarded numerous warnings” about its finances.

Miller claims the company...
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