Latham & Watkins partner Peter Wald learned last week that sometimes it pays to go to trial, even when popular opinion seems to be against you. Wald's trial team scored a big victory while defending Ernst & Young in a securities fraud class action in connection with audit work at a company accused of overstating revenue. Wald said the specter of WorldCom and other corporate meltdowns still makes many defense attorneys think twice about going in front of a jury.
Ernst & Young Prevails in Rare Class Fraud Trial
February 23, 2005