Mark Weinberger

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Amjad Rihan v. Ernst & Young Global Ltd. et al: Judgment

Judgment of $11 million in favor of the plaintiff - a whistleblower - against his former employer, Ernst & Young, regarding a claim for negligence involving suspected money laundering by a client, Dubai-based precious metals dealer Kaloti Jewellery International DMCC, in Amjad Rihan v. Ernst & Young Global Limited, Ernst & Young Europe LLP, Ernst & Young (EMEIA) Services Limited, and EYGS LLP at the High Court of Justice, London.

US Senate report into tax avoidance slams professional firms

Major accounting firms, banks, law firms and investment advisors helped create "abusive tax shelters" that deprived the United States Government of "billions of dollars", it has been claimed. Among the alleged participants were KPMG, Ernst & Young, PricewaterhouseCoopers, Sidley Austin Brown & Wood, Sutherland Asbill & Brennan, Deutsche Bank, HVB, UBS, First Union National Bank, Wachovia Bank, Presidio and Quellos.