Ernst & Young was accused of negligence, malpractice and breach of contract in a lawsuit filed by the liquidators of M-Invest Ltd., a so-called feeder fund for Bernard Madoff’s bankrupt investment firm, Bloomberg reports..
The suit seeks $900 million in damages from the accounting firm over audits of M-Invest’s annual financial statements, court papers said.
http://www.nypost.com/p/news/business/is_sued_over_madoff_q4mw9jK6IJLpPHsoibOYDL
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