It came as a surprise to no-one that the final report filed by the special committee of independent directors investigating accounting practices at Global Crossing pulled no punches.
The report accused one of New York’s leading law firms, Simpson Thacher & Bartlett, and in particular one of its partners, Rhett Brandon – who had been seconded to work as the telecoms company’s acting general counsel – of failing to investigate adequately allegations of accounting misdeeds.
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