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Litigation

Jun. 9, 2012

IndyMac auditing firm off the hook

In a case alleging foul play at now-defunct mortgage lender IndyMac Bancorp Inc., a federal judge ruled this week to dismiss claims against the bank’s auditing firm, Ernst & Young LLP.

By Ben Adlin

Daily Journal Staff Writer

In a case alleging foul play at now-defunct mortgage lender IndyMac Bancorp Inc., a federal judge ruled this week to dismiss claims against the bank's auditing firm, Ernst & Young LLP.

U.S. District Judge George H. Wu wrote that "despite providing numerous accounts from IndyMac insiders attesting to wrongdoing within the company and laying blame at the feet of co-defendants Michael Perry and Scott Keys, the [fifth amended com...

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