Securities
Apr. 16, 2011
Claims Against Ernst & Young Revived
Broadcom Corp.'s auditor Ernst & Young should have probed deeper into the semiconductor company's fraudulent backdating scheme, a 9th U.S. Circuit Court of Appeals panel held Thursday.
Daily Journal Staff Writer
Broadcom Corp.'s auditor Ernst & Young LLP should have probed deeper into the semiconductor company's fraudulent backdating scheme, a 9th U.S. Circuit Court of Appeals panel held Thursday.
The panel clarified the role auditors are expected to play in corporate affairs.
The 3-0 decision reversed U.S. District Judge Manuel R. Real of Los Angeles and restored Ernst & Young to t...
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