Exclusive: Ernst & Young nears $10 million settlement with N.Y. over Lehman accounting

April 15, 2015 2:43 PM

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Exclusive: Ernst & Young nears $10 million settlement with N.Y. over Lehman accounting

NEW YORK (Reuters) - Ernst & Young LLP [ERNY.UL] is near settling a high-profile lawsuit filed by New York state that accused the accounting firm of helping Lehman Brothers Holdings Inc [LEHMB.UL] deceive investors in the years leading up to its 2008 collapse, people familiar with the matter told Reuters.

Ernst & Young has agreed to pay $10 million to resolve the case, according to the sources.

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