NEW YORK — A lawsuit filed against accounting giant Ernst & Young marks one of the biggest government efforts to date to assign blame for the financial crisis. Get 3 months/99¢ a month ...

That's on top of another $99 million Ernst & Young agreed to pay to settle a related class action. Lehman Brothers went under in 2008, one of the sparks that ignited the global financial crisis.

New York Atty. Gen. Andrew Cuomo filed a lawsuit against the accounting firm Ernst & Young, accusing it of helping Lehman Bros. cover up its declining health in the years before its 2008 collapse.

NEW YORK (Reuters) – Ernst & Young has agreed to pay $99 million to former Lehman Brothers investors who have accused the auditor of helping Lehman misstate its financial records before the ...

The suit calls on Ernst & Young to return all of the fees it got from auditing Lehman between 2001 and its collapse in September 2008, and also to pay damages. The accounting firm had no immediate ...

With the fervor of a man who knows he’s going to be out of a job in a few weeks (albeit to move up to a very good new one), Attorney General Andrew Cuomo is settng the law dogs on Ernst & Young ...

Accounting firm Ernst & Young LLC may face civil fraud charges in New York for its alleged role in the demise of Lehman Brothers, according to a report.

New York Attorney General Andrew Cuomo filed a civil-fraud lawsuit against Ernst & Young, accusing the accounting firm of helping Lehman Brothers hide its financial weakness before the bank collapsed.

Lehman Brothers may have collapsed a year and a half ago, but fallout from its demise has created a potential legal liability for its former accounting firm, Ernst & Young. A 2,200-page report by ...

Cuomo Sues Ernst & Young Over Lehman Collapse Attorney general says Big 4 accounting firm helped bank deceive investors Published December 21, 2010 • Updated on December 21, 2010 at 1:44 pm ...

Ernst & Young had been mum about the lawsuit charging the firm with helping Lehman Brothers mask its true financial condition. But now the accountants are striking back.