Bain sues Big Four auditor over India kidswear deal
Bain Capital is taking legal action against EY – formerly Ernst & Young – in a US court, alleging that its now worthless investment in India’s Lilliput Kidswear was made on the basis of false financial statements that the accounting firm had audited.
According to Reuters, Bain and 10 of its subsidiaries have sued Ernst & Young in Suffolk County Court in Massachusetts for "fraud, aiding and abetting fraud, negligent misrepresentation, and unfair and...
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