January 21, 2016 / 9:52 PM / in 2 years

Audit firm Deloitte settles lawsuit over Taylor Bean fraud

Deloitte announced Wednesday it had settled a lawsuit filed by mortgage finance giant Freddie Mac, which had accused the audit firm of ignoring signs of a massive fraud at defunct mortgage lender Taylor Bean & Whitaker.

The amount of the settlement was not disclosed. Deloitte spokesman Jonathan Gandal said the two sides “reached mutually agreeable terms.”

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/1nq43pH

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below