Five executives working in Silicon
Valley have launched a lawsuit against Ernst
They are claiming that Big Four firm sold them a tax shelter that left them
owing millions of dollars in taxes, penalties and damages.
According to US reports, the five men invested more than $50m (£25.6m) in
total, a sum that the Internal Revenue Service
estimates would generate $150m (£75m) in tax losses.
Four of the five plaintiffs have ties to Cisco Systems.
Ernst & Young has declined to comment, saying the firm had not yet seen
the lawsuit, which was filed on 30 January.
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