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Violation Tracker Individual Record

Company: Ernst & Young LLP
Current Parent Company: Ernst & Young
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,000,000
Year: 2015
Date: April 15, 2015
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: The New York Attorney General announced a $10 million settlement of a lawsuit filed against the auditing firm Ernst & Young LLP over its alleged involvement in a financial statement fraud at the defunct investment bank Lehman Brothers Holdings, Inc.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.