Potential actions against an auditor when a bank fails

The US Federal Deposit Insurance Corporation (FDIC) estimates that by the end of 2010, more than 300 banks will have failed, and that the cost of resolving these failures may reach $100 billion over the next four years.1

Filed under:
USA, Banking, Insolvency & Restructuring, Mayer Brown, Shareholder, Audit, Accounting, Misrepresentation, Negligence, Federal Deposit Insurance Corporation (USA), Seventh Circuit
Authors:
Stanley Parzen , James E. Barz
Location:
USA
Firm:
Mayer Brown