A Fort Lauderdale, Fla., jury on Wednesday ordered accounting giant Ernst & Young to pay $10.2 million on a negligent auditing claim, rejecting a request for $400 million on more serious allegations.
The verdict, reached after less than two days of deliberations, eliminated the possibility of a punitive damage award in the trial before Broward Circuit Judge Jeffrey Streitfeld.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]