If you find yourself this in the neighborhood of Hershey, Pennsylvania — the Sweetest Place on Earth — you may want to see if you can sneak into a two-hour discussion of "Current Issues in Multidistrict Litigation and Class Actions". The event kicks off the first full day of the Third Circuit Judicial
Pennsylvania
Bad News for Auditors from Third Circuit
By Barry Barnett on
May auditors who help a company's officers disguise their cooking of its books avoid liability to the company (now insolvent) by imputing the officers' knowledge of the fraud to the company?
By saying the officers' fraud conferred at least a "peppercorn" of benefit to the company?
The Third Circuit this week held that its previous yes responses must give way to…