January 11, 2016
Ernst & Young and the investment firm managed by former AIG CEO Maurice "Hank" Greenberg have settled the firm's lawsuit accusing Ernst & Young of helping Lehman Brothers hide tens of billions of dollars in fixed-income securities, according to a New York federal court filing Monday.
September 10, 2015
Ernst & Young LLP beat an attorney's attempt to force the auditor to cover his $1 million in unpaid warrants backed by Lehman Brothers Holdings Inc. for allegedly masking the investment bank's deteriorating financial state Thursday, when a New York federal judge ruled the attorney's case was untenable.
July 10, 2015
A New York federal judge has again dismissed a class action by former employees of Lehman Brothers Holdings Inc. who owned stock in the bank and claimed that it failed to uphold its fiduciary duty to them before the bank failed in 2008.
June 08, 2015
Ernst & Young LLP asked a New York federal judge Friday to dismiss two of the last remaining opt-out cases in multidistrict litigation over the failure of Lehman Brothers Holdings Inc., saying the auditing opinions E&Y provided more than met the applicable standard.
May 26, 2015
Ernst & Young LLP has settled allegations by American National Insurance Co. of Texas and certain of its affiliates that they lost over $21 million because of Lehman Brothers Holdings Inc.'s subprime exposure, the auditing firm told a New York federal judge Tuesday.
April 03, 2015
A New York federal judge ordered briefing Thursday on whether the Supreme Court's landmark Omnicare decision bears on fraud suits that accuse accounting firm Ernst & Young LLP of backing transactions that masked fallen brokerage Lehman Brothers Holdings Inc.'s fragile and deteriorating financial state.
April 16, 2014
A New York judge on Wednesday refused to approve a $30 million fee request by plaintiffs firms in a settled class action against Ernst & Young LLP over its auditing of Lehman Brothers Holdings Inc., saying he was "deeply troubled" by Saxena White PA's proposed cut.
October 16, 2013
Ernst & Young LLP has agreed to pay $99 million to settle claims in an investor class action against former officials and auditors of Lehman Brothers Holdings Inc., ending long-running multidistrict litigation over the bankrupt company's securities offerings, according to a memo released Wednesday.
August 08, 2013
After five years of litigation, UBS Financial Services Inc. has agreed to pay $120 million cash to settle its part of an investor class action against former officials and auditors of Lehman Brothers Holdings Inc. in multidistrict litigation over the bankrupt company's securities offerings.
January 23, 2013
A New York federal judge on Wednesday approved most of a bid for certification of an investor class action against former officials and auditors of Lehman Brothers Holdings Inc. in multidistrict litigation over the bankrupt company's securities offerings.