Looks like EY's in a little trouble. I mean, auditors can sued by investors occassionally, and it usually ends up in a quick settlement and people move on. But this is Lehman, just off the heels off a pretty intense recession. I don't know enough to explain what happened, but Francine Mckenna provides the gist of the story here . Will be interesting to see how this affects the big 4
Blogged about my life in the Big 4 and now about life in Private Accounting