Deloitte Pays $210 million to Settle Adelphia Case: 45% of Total Sum

Deloitte & Touche LLP will end up ponying up $210 million as part of a larger $455 million amount along with a number of banks, including Bank of America, Citigroup, JPMorgan Chase, Wachovia and 35 others, which have agreed to pay to settle an investor lawsuit in the Rigas family-run bankrupt cable company, Adelphia Communications Corporation...

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Andersen's Nemesis, Jeff Skilling is Served Due Justice

The wheels of justice grind slowly, but they meted out a just sentence on Jeff Skilling, the former Enron CEO, one of the few people responsible for Andersen's dramatic collapse and foreever changing the accounting firm landscape by reducing the Big 5 to the Big 4... 

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The Enron Saga: Andersen Indicted, Then Acquitted....But Too Late

The Enron saga spans 20 years with Lay becoming Chairman in 1986 and being convicted in 2006. Along the way it became the most-admired and most-debased company in the country. Its bankruptcy shattered the company, destroyed Andersen, bled Wall Street banks, fattened attorneys, brought fame and shame to the DoJ, rewrote security laws and impacted thousands of innocent individuals, their lives and careers....


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