Crowell & Moring’s legal troubles are far from over. About a month after one of its associates was arrested for allegedly embezzling millions, the 488-lawyer firm faces two lawsuits, with each seeking $6 million.
On Monday, news broke that accounting and consulting firm Deloitte was named in two lawsuits alleging it failed to detect fraud during a nine-year span of audits of the now-collapsed Florida mortgage company Taylor Bean & Whitaker.
If the bean counters can’t count, or choose not to report what they see, who can you trust? Accounting firm Deloitte Touche Tohmatsu Ltd. is now the defendant in a pair of lawsuits alleging it failed to detect (or report) massive fraud spanning nearly a decade at a now-defunct Florida...