Lehman Brothers’ auditor Ernst & Young was named as a defendant in a Martin Act securities fraud suit by the New York Attorney General. The complaint claims that for years the giant accounting firm issued clean audit opinions on Lehman’s …

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The Commission entered into its first non-prosecution agreement, marking a significant step forward with the reorganization and rejuvenation of the Enforcement program. Carter’s, Inc., an Atlanta based clothing store, entered into an agreement with the Commission regarding a financial fraud …

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