Deloitte sued over US-listed ChinaCast Education
Deloitte is being sued by a group of US investors over its auditing role at ChinaCast Education Corp. The Chinese company, which was backed by VC investors in its early years, went public in the US via a reverse merger in 2007 but has since been de-listed.
ChinaCast came under pressure last year following the departure of its CEO, Ron Chan. The company said at the time that it had uncovered questionable activities and transactions involving Chan that could...
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