Mayer Brown, Latham advise E&Y on $8.5m SEC settlement

Ernst & Young agreed to pay $8.5 million to settle charges against six partners. The Securities and Exchange Commission (SEC) had accused the accounting firm of issuing wrong audit opinions that stated that Bally Total Fitness' financial statements conformed with US accounting rules. Mayer Brown LLP and Wilmer Cutler Pickering Hale and Dorr LLP advised Ernst & Young in the settlement talks with federal regulators.

Mayer Brown, Latham advise E&Y on $8.5m SEC settlement law.com Tue, Dec 22, 2009