$185M
Accounting Malpractice
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Case Details
Ernst & Young settled a lawsuit for $185 million, accused of duplicity and bad advice that contributed to the demise of the clothing chain Merry-Go-Round Enterprises Inc.
Additional Notes
Described as the second-largest legal settlement in Maryland history. The firm's advice was blamed for the company's failure, leading to a payout to creditors and legal fees.
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