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Litigation

: The FRAUDfiles Blog

Should Big 4 audit firms release their financial statements?

By Tracy Coenen

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A few months ago, a committee advising Treasury Secretary Henry Paulson on the “state of auditing” recommended that Big 4 audit firms be required to submit audited financial statements to the Public Company Company Accounting Oversight Board (PCAOB). It’s suggested that the firms be required to report their financials in accordance with Generally Accepted Accounting [...]

Full post as published by The FRAUDfiles Blog on December 05, 2008 (boomark / email).

Lawsuits and Settlements

Atlas Cold Storage
Income Trust to pay $40 million to settle a class action that claims misrepresented financial statements.

Hayes Bicycle Group
Recalls Quick-Release Devices

Whole Foods
And Other Firms Sued by California Attorney General,

Financial Elder Abuse - Financial Exploitation, Elder Abuse Lawyers
Financial Elder Abuse alleging seniors are taken advantage of for their finances.

Frank Bluestein, The Maximum Financial Group, Inc., Questar Capital Corporation, and Gunnallen Financial, Inc.
alleging schemed investors out of hundreds of millions of dollars.

Brown Greer et al.
alleging that the six law firms handling the Vioxx settlement failed to provide money for reimbursements to lien rights of Employee Retirement Income Security Act (ERISA) health plans.

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