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For Ernst & Young, fallout continues over Lehman Brothers issues

The Public Company Accounting Oversight Board (PCAOB news) really had little choice but to open an investigation of Ernst & Young (Ernst & Young news) and its role in the failure of Lehman... Read more...

Ernst & Young defends Lehman Brothers audit

The fallout from Anton Valukas's post-mortem on Lehman Brothers continues (Lehman Brothers news). Bloomberg weighs in with an article that suggests audit firms, despite the landmark Sarbanes-Oxley... Read more...

Auditor to face liability in Lehman case?

The 2,200-page post-humous examiner's report about Lehman Brothers (Lehman Brothers news) and what eventually killed it off contained some harsh words for a number of people, including the auditors.... Read more...

A regulation that worked: Naked short selling curb

How do we know that the recent curbs on naked short selling--selling short essentially without having access to the underlying shares--is actually working? The New York Times notes that the number of... Read more...

Press Releases

Hagens Berman Files Class Action Suit Against Charles Schwab Alleging Fraud

SAN JOSE, Calif., Sept. 3 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP announced it filed a class-action lawsuit today against Charles Schwab & Co. on behalf of investors who owned shares in Read more >>

Northern Trust Strengthens Product and Client Service Teams for Global Fund Services

CHICAGO--(BUSINESS WIRE)-- Northern Trust announced today it has created new positions in its Global Fund Services (GFS) business to expand product offerings, strengthen client service and Read more >>

Inflation Alert: The U.S. Path to Collapse

FORT LEE, N.J., Sept. 1 /PRNewswire/ -- The National Inflation Association today released the following inflation alert to its http://inflation.us members: The Financial Crisis Inquiry Commission Read more >>

SIPA Trustee for Lehman Brothers Inc. Files Preliminary Investigation Report: Lessons Learned and Recommendations to Protect Bro

NEW YORK, Aug. 25 /PRNewswire/ -- James W. Giddens, the Trustee for the $110 billion liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act (SIPA), today issued his Read more >>

Wolf Popper and Greenbaum Rowe Report on Class Action Concerning the Schwab Total Bond Market Fund ("SWLBX")

SAN FRANCISCO, Aug. 20 /PRNewswire/ -- Wolf Popper LLP and Greenbaum Rowe Smith & Davis LLP, co-lead counsel for the named plaintiff in Northstar Investment Advisor Inc. v. Schwab Investments, 08 Read more >>