The US Supreme Court has thrown out negligent audit claims made against Ernst
& Young in the wake of a hedge fund collapsing.
Liquidators sued the firm’s Cayman Islands unit, accusing E&Y of
performing a below-par audit of the Beacon Hill Master hedge fund after it lost
$300m (£151m), almost half of its net asset value,
In his ruling, Judge Charles Ramos said that the investment managers
effectively controlled every aspect of the fund’s operations and made material
misrepresentations to Ernst & Young.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars