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  • Article

    SEC Charges Ernst & Young With Violating Auditor Independence Rules In Lobbying Activities

    The SEC charged Ernst & Young LLP with violations of auditor independence rules that require firms to maintain their objectivity and impartiality with clients.
    United StatesAccounting and Audit
    A&O Shearman
    A&O Shearman
  • Article

    OSC Approves First No-Contest Settlement – Ernst & Young LLP To Pay $8 Million

    On September 30, 2014 the OSC approved a no-contest settlement agreement in a hearing held before vice-chair James Turner.
    CanadaCorporate/Commercial Law
    Osler, Hoskin & Harcourt LLP
    Osler, Hoskin & Harcourt LLP
  • Article

    9th Circuit Rules Mandatory Class Action Waivers Are Illegal In Morris, Et Al. V. Ernst & Young LLP, Et Al.

    The 9th Circuit Court of Appeals, in a 2-1 decision, struck down an arbitration clause in an employment agreement that barred workers from pursuing class action claims.
    United StatesEmployment and HR
    Lewis Brisbois Bisgaard & Smith LLP
    Lewis Brisbois Bisgaard & Smith LLP
  • Article

    9th Circuit Rules Mandatory Class Action Waivers Are Illegal In Morris, Et Al. v. Ernst & Young LLP, Et Al

    The 9th Circuit Court of Appeals, in a 2-1 decision, struck down an arbitration clause in an employment agreement that barred workers from pursuing class action claims
    United StatesEmployment and HR
    Lewis Brisbois Bisgaard & Smith LLP
    Lewis Brisbois Bisgaard & Smith LLP
  • Article

    Not Missing The Sino-Forest For The Trees: ONCA Upholds Auditor’s $117 Million Settlement Despite Objections From Institutional Investors Over Opt-Out Rights

    In Labourers’ Pension Fund of Central and Eastern Canada v Sino-Forest Corporation, 2013 ONCA 456, the Ontario Court of Appeal recently dismissed a motion by a group of institutional investors that challenged the approval of a $117 million settlement releasing Ernst and Young LLP from any claims arising from its alleged negligent auditing of the forestry firm Sino-Forest ("SFC").
    CanadaLitigation, Mediation & Arbitration
    Lerners LLP
    Lerners LLP
  • Article

    SCOTUS Puts The Class Action Waiver Issue At The Top Of Its Agenda

    arbitration, arbitration agreement, class action waiver, class certification, collective action, collective action waiver, Fifth Circuit, national labor relations board, Ninth Circuit, nlra, NLRB...
    United StatesEmployment and HR
    Seyfarth Shaw LLP
    Seyfarth Shaw LLP
  • Article

    In The Matter Of Ernst & Young LLP, SEC File Nos. 3-17552 And 3-17553: First SEC Enforcement Actions For Auditor Independence Failure Due To Close Personal Relationships

    On 19 September 2016, the SEC announced that it had reached a settlement with Ernst & Young ("EY") regarding the actions of two audit partners who violated the rules that are designed to maintain...
    United StatesAccounting and Audit
    A&O Shearman
    A&O Shearman
  • Article

    Are Class Action Waivers Enforceable?

    On February 8, the U.S. Supreme Court stated it will not resolve this hotly-contested issue until at least the fall
    United StatesLitigation, Mediation & Arbitration
    Carlton Fields
    Carlton Fields
  • Article

    Arbitration In Employment Sea Change?: Ninth Circuit Holds Mandatory Class Action Waivers Unlawful

    Can employers still require employees to sign arbitration agreements with class action waivers as a condition of employment?
    United StatesEmployment and HR
    Orrick
    Orrick
  • Article

    Adding To Circuit Split, Divided Ninth Circuit Finds Concerted Action Waiver In Ernst & Young's Employment Agreement Unenforceable Under NLRA

    Ernst & Young's ("E&Y") employment agreements contained "separate proceedings" and arbitration provisions, which together required that disputes be resolved individually through arbitration...
    United StatesEmployment and HR
    Carlton Fields
    Carlton Fields
  • Article

    Boston Bar Association's Inaugural Privacy And Cybersecurity Conference, May 24, 2017

    The Boston Bar Association's inaugural Privacy and Cybersecurity Conference will be held on May 24.
    United StatesPrivacy
    Foley Hoag LLP
    Foley Hoag LLP
  • Article

    NLRB Takes D.R. Horton One Step Further While The Ninth Circuit Upholds Its Contrary Decision

    On January 17, 2014, the National Labor Relations Board Judge Lisa D. Thompson concluded that an agreement that did not prohibit class or collective action still violated Section 8(a)(1) of the National Labor Relations Act because the Agreement "interfere[d], restrain[ed], or coerce[d]" plaintiff and other similarly situated employees’ "substantive rights to file classwide litigation."
    United StatesEmployment and HR
    Proskauer Rose LLP
    Proskauer Rose LLP
  • Article

    Plaintiff Reaches C$1.5 Million Settlement With Ernst & Young LLP In Canadian Just Energy Group Inc. Securities Litigation

    EY has agreed to pay CAD $1,500,000 to settle the class action against it. Pursuant to the settlement, EY will respond to requests to provide information relevant to the ongoing litigation.
    CanadaLitigation, Mediation & Arbitration
    Siskinds LLP
    Siskinds LLP
  • Article

    BREAKING DEVELOPMENT: Supreme Court To Rule On Enforceability Of Class Action Waivers In Arbitration Agreements

    As expected, the Supreme Court granted review today of three of the conflicting Court of Appeals decisions.
    United StatesEmployment and HR
    Orrick
    Orrick
  • Article

    Second Circuit Holds Class Action Waivers Enforceable Against FLSA Claims

    An employee may be compelled to arbitrate claims under the Fair Labor Standards Act on an individual basis, the U.S. Court of Appeals for the Second Circuit concluded on Friday.
    United StatesEmployment and HR
    Littler Mendelson
    Littler Mendelson
  • Article

    Key Report Provides Further Evidence Of The Isle Of Man's Positive Contribution To The Global Economy

    A report published by Ernst & Young provides further evidence of the Isle of Man’s positive contribution to the global economy and describes the Island as a key commercial partner.
    Isle of ManWealth Management
    Department of Economic Development
    Department of Economic Development
  • Article

    SEC Names Chief Accountant In Division Of Corporation Finance

    The SEC named Kyle Moffatt as Chief Accountant in the Division of Corporation Finance (the "Division").
    United StatesAccounting and Audit
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Second Circuit Rules FLSA Doesn’t Bar Class Waivers

    The Second Circuit recently ruled that the Fair Labor Standards Act does not prohibit the enforcement of class action waivers in arbitration agreements with employees, even if the waivers remove the financial incentive for individual employees to pursue claims.
    United StatesEmployment and HR
    Day Pitney LLP
    Day Pitney LLP
  • Article

    Supreme Court Upholds Class Action Arbitration Waivers

    On May 21, 2018, the U.S. Supreme Court issued its much-anticipated decision addressing whether employers can include class action waivers in mandatory arbitration agreements...
    United StatesEmployment and HR
    Foley Hoag LLP
    Foley Hoag LLP
  • Article

    Employment, Labor & Benefits Update - September 2016

    On Wednesday, September 28, 2016, the Employment, Labor and Benefits Group will hold its annual seminar. Speakers will provide information and updates on the following topics:
    United StatesEmployment and HR
    Masuda, Funai, Eifert & Mitchell, Ltd.
    Masuda, Funai, Eifert & Mitchell, Ltd.

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