Wilmer Cutler Pickering Hale and Door and Mayer Brown split lead counsel duties advising Ernst & Young in settlement talks with federal regulators overs the accounting firm’s failure to report illegal activity at one of its clients — Bally Total Fitness (repped by Latham & Watkins).
In total, 11 Am Law 200 firms advised Ernst, Bally and eight individuals sanctioned by the Securities and Exchange Commission as part of a settlement believed to be the first ever in which the head of a major accounting firm’s national office faced sanction from a federal regulator, according to The New York Times.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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]
