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16 Jan, 2008 1:26 am
... among the top 10 providers of e-discovery services in the 2007 Socha-Gelbmann Electronic Discovery Survey. Ernst & Young, the
global professional services organization, provides forensic technology and e-discovery services as part of its ... leading provider of electronic discovery services reflects our
ability to bring the high standards, techniques, and knowledge of Ernst & Young professionals to bear on clients' electronic
discovery challenges," said Eric Schwarz, who is a leader of the ...
14 Jan, 2007 7:16 am
... Mitchell & Titus, LLP, the nation's largest minority-owned accounting firm, announced that it would be merging with Ernst & Young Global Limited. Recently, this seems to be official with M&T joining as a member of the global EY organization ... and E&Y
gets kudos for promoting diversity in the profession. In terms of statistics, minorities are 26% of all client-serving Ernst & Young
LLP staff. Minority hiring on campuses is at an all time high, at 28% of all off-campus hires at EY ...
20 Jun, 2008 8:34 am
... declaratory judgment lawsuit after receiving a cease and desist letter from Ernst & Young for trademark infringement over EMI's
use of "Entrepreneur Magazine's ... Central District Court (Santa Ana Division), seeks a declaration from the court that Ernst &
Young's USPTO registrations for "Entrepreneur Of The Year" and "World Entrepreneur Of The Year" ... cancel the registrations. The case is titled Entrepreneur Meia, Inc. v. Eygn
Limited, Ernst & Young LLP, SACV08-02810 DOC (C.D. Cal. 2008 ...
26 Mar, 2007 6:20 pm
The Securities and Exchange Commission (SEC) censured Ernst & Young LLP for doing work
that compromised its indepence with regard to American International Group (AIG) and PNC Financial Services Group. The work included helping AIG develop and market a financial product
that was sold to PNC, who was an audit client of E&Y. PNC improperly accounted for certain transactions, which led to a restatement of income by $155 million. ...
26 Mar 4:41 pm
Ernst & Young LLP ("E&Y") has entered into a stipulation of settlement in the
HealthSouth securities class action in the N.D. of Ala. The case, originally filed in June 2003, stems from allegations that the defendants materially misrepresented the company's...
20 Nov, 2006 10:37 am
... Company. Mr. King retired as a senior audit partner of Deloitte & Touche LLP in 2005, after 27 years of service with the firm. (Source:
American States Water ... Wirelessweek.com, 11/7/2006) • Ciphergen Biosystems, Inc. announced the appointment of Debra A. Young as Vice President and Chief Financial Officer
(CFO). In her role as CFO ... Chicago (currently JP Morgan Chase). Keller started his career with Ernst & Young, LLP in Chicago where he became a manager in the financial audit group. (Source ...
17 Sep 12:28 pm
... E&Y's Global Media & Entertainment practice, "…A majority of the Ernst & Young LLP professionals involved with the balloting process are not even aware of who the winners are ... 1,500% increase over the first year) 15,000+ -- number of
ballots Ernst & Young LLP tabulates each year 16,500+ - number of ballots received during
... a lot of ticking and tying we bet!) 3 - number of people at Ernst & Young LLP who
memorize the list of winners (we guess in case the envelopes are somehow lost ...
14 Jan, 2007 6:51 am
... Oversight Board released its reports on the audit inspections in 2004 for Ernst & Young LLP and KPMG LLP. Both firms got rapped for inconsistencies in audits in failing ... specifics of GAAP or not
gathering enough support information to support their findings. Ernst was chided for 10 failures (issuers A to J) and KPMG was rapped for 11
instances ... and Young at least provided comments to each of the audit issues, while KPMG did not even provide individual comments, simply saying "The feedback we've ...
30 Oct, 2007 5:42 pm
The Public Company Accounting Oversight Board reported that its CFO Tom Hohman resigned to become a CFO of a private company in Maryland. He had joined PCAOB in July 2003, and was its
first CFO and one of the founding officers. He began his career as an auditor with Ernst & Young LLP and is a Certified Public Accountant. The PCAOB or Peekaboo is an organization sanctioned by the Sarbanes Oxley act to oversee accounting firms...to
replace the self-policing of the industry
23 Nov 5:00 am
What is clear by now is that if there was a problem with SOX, it was that the legislation did not go far enough. The law only addressed one compensation issue, loans to executive
officers. SOX dealt with the concern by prohibiting them, leaving the matter otherwise untouched. Likewise, SOX never addressed the responsibility of the directors for risk assessment,
something the Delaware courts suggest is not their responsibility at all. So it is a bit startling to see that the House Financial ...
29 Jul, 2008 7:03 pm
Ernst & Young LLP filed a complaint yesterday in federal court against Entrepreneur Media,
Inc. (publisher of Entrepreneur Magazine) alleging that Entrepreneur Media is infringing upon Ernst & Young's "Entrepreneur of the
Year" trademark registered with the USPTO. For more than 20 years, Ernst & Young has bestowed an "Entrepreneur of the Year" award
upon successful and innovative business ...
21 Aug, 2007 4:16 pm
... for Malthusian growth with a pair of twins due sometime next month (adding to the two young Jakubowski's already here)! So please excuse my patchy blogging as ... se rule (or
at least, as regards Judge Kaplan, not in its entirety). In Fehribach v. Ernst & Young LLP, 2007 WL 2033734 (7th Cir. 7/17/07) ... sooner, precipitating an earlier liquidation. Judge Posner, however, refuses to tag Ernst & Young with deepening insolvency damages for the period between the time of its "clean" audit report ...
16 Jun, 2008 2:45 pm
... CBI") filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. Ernst & Young and Ernst & Young LLP (together, "E&Y"), the pre-bankruptcy accountants for CBI ... judgment for BSI on
six of its seven claims, see Bankr. Servs., Inc. v. Ernst & Young (In re CBI Holding Co.), ("CBI I" or "Bankruptcy Opinion"), 247
B.R. 341 ... $70 million in damages. In two orders entered on June 30, 2004, see Ernst & Young v. Bankr. Servs., Inc. (In re CBI
Holding Co.) ("CBI II" or ...
21 Jun, 2007 9:22 am
... statute and Gibson. See Townsend, 793 N.E.2d at 1093. In Maribelle G. Harlow and Ernst & Young, LLP v. Gayle Parkevich , a 17-page opinion, Judge Sharpnack writes: Maribelle G. Harlow ("Harlow") and Ernst &
Young, LLP ("Ernst & Young") (collectively, "Appellants") appeal the trial court's
denial of their motion to stay litigation with Gayle Parkevich, individually, as successor trustee and beneficiary of the Amendment and Restatement of Vernon Payne ...
25 Aug, 2008 3:54 pm
... has large benefits for an economy, as it allows specialists to do what they are best at. After Ernst & Young told HA-LO that its
expectations about the Starbelly.com technology and prospects were wildly ... deep pocket to reimburse investors for the costs of managers' blunders. Cf. Fehribach v. Ernst & Young LLP, 493 F.3d 905 (7th Cir. 2007) (pdf),[discussed ... opinion joined by Judge Wood and
Chief Judge Easterbrook) in Maxwell v. KPMG LLP, 520 F.3d 713 (7th Cir. 2008) (pdf), when he encouraged ...
7 Oct 4:26 am
... Committee also retained our independent auditor, Ernst & Young LLP, whom we refer to
as Ernst & Young, to review management's calculation of performance ... Committee whether such calculations were accurate and
properly prepared. Ernst & Young's role was limited to a review of management's calculations, and did ... not involve an audit of
the calculations or any components used in the calculations. Ernst & Young presented their report to the Compensation Committee, but
did not attend any ...
9 Dec, 2006 2:50 pm
All the Big Four firms (Deloitte and Touche LLP, Ernst and Young LLP, KPMG LLP and PricewaterhouseCoopers LLP) recently reported their 2006
financial results, ... at $20.1 billion. KPMG was the smallest firm at $16.9 billion just behind Ernst at $18.4 billion. Deloitte was the only
firm posting a 10% double digit growth, ... 30% (largely due to Deloitte Consulting), while the other firms average around 16%. At Ernst,
Advisory, Americas and Asia Pacific grew north of 10%. The number of partners grew at ...
16 Jan, 2008 10:31 am
... . Firms such as the accounting and consulting firms Deloitte & Touche LLP and Ernst &
Young LLP as well Chubb Insurance, Safeway and BP hold managers accountable for failure to implement diversity measures effectively by
linking managers' compensation to their ability to meet diversity goals. At Ernst & ... more heavily, than business generation in
compensation decisions. At the law firm Sidley Austin LLP, a partner's compensation is linked partly to his or her efforts to retain and ...
11 Oct, 2007 11:11 am
... 500 company that entered into a series of transactions to improperly reduce its taxes by over $1 billion. This company was represented by Ernst & Young LLP, an established law firm, and multiple banks. The name of the whistleblower is strictly
confidential at this time to ... , as well as the individuals who work at the law firm, banks and the company. This sumbmission comes after an Ernst & Young employee pled guilty to one count of conspiracy to commit tax fraud and four Ernst &
Young ...
12 Oct 1:42 pm
... Specter reflects the "substantial participation approach" advocated by the plaintiffs in Wright v. Ernst & Young LLP. [12] There, plaintiffs claimed that Ernst & Young violated the antifraud provisions of the 1933 and
'34 Acts by orally approving ... Second Circuit should adopt a "substantial participation approach," under which third-party defendants, like Ernst & Young, would be held primarily liable for statements made by others in which the defendant had significant participation. [15 ...
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