E&Y TO PAY $109M FOR HEALTHSOUTH AUDITS

摘要

Ernst & Young has agreed to a record-setting $109 million nationwide settlement for failing to uncover the financial problems at health care giant HealthSouth. The settlement was the largest ever obtained against an outside auditor in a class-action securities fraud case, according to the Michigan Attorney General's office, which brought the suit. The settlement is expected to benefit Michigan's pension fund, as well as members of the class-action suit.